Aberdeen, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Aberdeen Neighborhoods Since 2000




Aberdeen, MD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Aberdeen Housing Market Information

With 15,580 people, 6,139 houses or apartments, and a median cost of homes of $215,114, Aberdeen real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Aberdeen, accounting for 54.37% of the city's housing units. Other types of housing that are prevalent in Aberdeen include large apartment complexes or high rise apartments ( 22.70%), row houses and other attached homes ( 14.89%), and a few mobile homes or trailers ( 4.03%).

The most prevalent building size and type in Aberdeen are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.62% owning and 38.38% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Aberdeen's housing was primarily built during this period, from the '40s through the '60s. A full 44.15% of the city's housing hails from this era. Other housing ages represented in Aberdeen include homes built between 1970-1999 ( 34.29%) and housing constructed between 2000 and later ( 13.62%). There's also some housing in Aberdeen built before 1939 ( 7.93%).

Aberdeen Home Appreciation Rates

Homes have actually lost value in Aberdeen over the last then years, as home values have seen a decline of 21.29% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Aberdeen home appreciation rates at -0.51%, which equates to an annual appreciation rate of -2.03%.

Over the last year, Aberdeen appreciation rates have trailed the rest of the nation. In the last twelve months, Aberdeen's appreciation rate has been 0.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Aberdeen were at -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Aberdeen's latest annual appreciation rate is lower than 90% 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 city. Individual neighborhoods within Aberdeen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Aberdeen - 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 2000, to assist you in making the best Aberdeen real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$215,114

Aberdeen, MD HOME PRICES

Value Range
> $1,024,000 0.0
$768,001 - $1,024,000 0.0
$512,001 - $768,000 1.3
$409,001 - $512,000 2.0
$307,001 - $409,000 7.6
$205,001 - $307,000 32.5
$103,001 - $205,000 39.2
$51,001 - $103,000 6.6
$0 - $51,000 10.7

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
28.6944802531349 74.0458015267176

Number Of Homes And Apartments:
6,139

Aberdeen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
40.18% 1.98% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,286 / per month

Homeownership Rate

Homeownership
Owners 61.62
Renters 38.38
Vacant 7.39

Housing Market Details

 

Age of Homes

AGE OF Aberdeen HOMES
2000 or Newer 13.6
1970 - 1999 34.3
1940 - 1969 44.2
1939 or Older 7.9

Types of Homes

TYPE OF Aberdeen HOMES
Single-Family 54.4
Townhomes 14.9
Small Apt. Buildings 3.5
Apt. Complexes 22.7
Mobile Homes 4.0
Other 0.5

Home Size

SIZE OF Aberdeen HOMES
No Bedroom 1.76
1 Bedroom 8.57
2 Bedrooms 29.16
3 Bedrooms 41.83
4 Bedrooms 14.07
5 or more bedrooms 4.60