Potomac appreciation rates and housing market information

Potomac housing market information

With a population of 44,821, 15,956 total housing units (homes and apartments), and a median house value of $1,025,565, Potomac house prices are not only among the most expensive in Maryland, Potomac real estate also is some of the most expensive in all of America.

Potomac is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Potomac than is found in 99.87% of the communities in America.

And, as is not surprising, these large homes are primarily owner-occupied (87.25%).

There is a lot of housing in Potomac built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Potomac built from 1940-1969 (34.43%). A lesser amount of the housing stock also hails from 1995 and later (6.13%), and some were built from 1939 and earlier (6.13%).

Potomac home appreciation rates

In the last 10 years, Potomac has experienced some of the highest home appreciation rates of any community in the nation. Potomac real estate appreciated 108.46% over the last ten years, which is an average annual home appreciation rate of 10.84%, putting Potomac in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Potomac definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Potomac appreciation rates have trailed the rest of the nation. In the last twelve months, Potomac's appreciation rate has been -8.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Potomac were at -0.71%, which equates to an annual appreciation rate of -2.84%.

Notably, Potomac's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Maryland, our data show that Potomac's latest annual appreciation rate is higher than 24% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Potomac differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Potomac - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Potomac real estate investment or home purchase decisions.