Abingdon, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Abingdon Neighborhoods Since 2000




Abingdon, 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

Abingdon Housing Market Information

With 31,249 people, 1,763 houses or apartments, and a median cost of homes of $104,733, house prices in Abingdon are solidly below the national average.

Single-family detached homes are the single most common housing type in Abingdon, accounting for 43.51% of the town's housing units. Other types of housing that are prevalent in Abingdon include row houses and other attached homes ( 37.71%), large apartment complexes or high rise apartments ( 15.71%), and a few mobile homes or trailers ( 1.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Abingdon. Owner-occupied housing accounts for 82.25% of Abingdon's homes, and 74.64% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Abingdon built from 1970 to 1999 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 Abingdon built between 2000 and later ( 21.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.80%). There's also some housing in Abingdon built before 1939 ( 1.62%).

Abingdon Home Appreciation Rates

Appreciation rates for homes in Abingdon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.65%, which ranks in the top 50% nationwide. This equates to an annual average Abingdon house appreciation rate of 0.26%.

NeighborhoodScout's data show that during the latest twelve months, Abingdon's appreciation rate, at 4.05%, has been at or slightly above the national average. In the latest quarter, Abingdon's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

Relative to Maryland, our data show that Abingdon's latest annual appreciation rate is higher than 70% 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 Abingdon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Abingdon - 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 Abingdon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$104,733

Abingdon, MD HOME PRICES

Value Range
> $1,091,000 1.0
$818,001 - $1,091,000 0.1
$545,001 - $818,000 0.3
$436,001 - $545,000 0.5
$327,001 - $436,000 2.4
$218,001 - $327,000 7.3
$109,001 - $218,000 34.8
$55,001 - $109,000 34.3
$0 - $55,000 19.3

Very Low for MD
Low for Nation

Value Relative to Nation Value Relative to State
74.4902144615024 94.2748091603053

Number Of Homes And Apartments:
1,763

Abingdon 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
24.16% 1.26% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$769 / per month

Homeownership Rate

Homeownership
Owners 82.25
Renters 17.75
Vacant 5.64

Housing Market Details

 

Age of Homes

AGE OF Abingdon HOMES
2000 or Newer 21.4
1970 - 1999 72.2
1940 - 1969 4.8
1939 or Older 1.6

Types of Homes

TYPE OF Abingdon HOMES
Single-Family 43.5
Townhomes 37.7
Small Apt. Buildings 1.1
Apt. Complexes 15.7
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Abingdon HOMES
No Bedroom 0.16
1 Bedroom 5.00
2 Bedrooms 15.58
3 Bedrooms 50.65
4 Bedrooms 23.99
5 or more bedrooms 4.62