Annapolis, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Annapolis, MD Real Estate Data


Annapolis Housing Market Information

With 39,474 people, 15,781 houses or apartments, and a median cost of homes of $493,514, Annapolis house prices are not only among the most expensive in Maryland, Annapolis real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Annapolis, accounting for 39.71% of the city's housing units. Other types of housing that are prevalent in Annapolis include large apartment complexes or high rise apartments ( 33.18%), row houses and other attached homes ( 21.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.79%).

People in Annapolis primarily live in small (one, two or no bedroom) single-family detached homes. Annapolis has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Annapolis 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 Annapolis built between 1940-1969 ( 28.29%). A lesser amount of the housing stock also hails from before 1939 ( 15.86%). There's also some housing in Annapolis built between 2000 and later ( 13.14%).

Vacant housing appears to be an issue in Annapolis. Fully 10.73% of the housing stock is classified as vacant. Left unchecked, vacant Annapolis homes and apartments can be a drag on the real estate market, holding Annapolis real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Annapolis Home Appreciation Rates

Annapolis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Annapolis during the period has been just -0.76%, which is lower than 70% of US communities.

Over the last year, Annapolis appreciation rates have trailed the rest of the nation. In the last twelve months, Annapolis's appreciation rate has been 4.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Annapolis were at 1.10%, which equates to an annual appreciation rate of 4.48%.

Relative to Maryland, our data show that Annapolis's latest annual appreciation rate is lower than 50% 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 Annapolis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Annapolis - 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 Annapolis real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$493,514

Annapolis, MD HOME PRICES

Value Range
> $1,123,000 8.3
$842,001 - $1,123,000 9.0
$561,001 - $842,000 16.5
$449,001 - $561,000 14.4
$337,001 - $449,000 18.8
$224,001 - $337,000 21.5
$112,001 - $224,000 8.1
$56,001 - $112,000 1.2
$0 - $56,000 2.0

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
6.34771915441822 12.1673003802281

Number Of Homes And Apartments:
15,781

Rent & Ownership

 

Average Market Rent:
$1,811 / per month

Homeownership Rate

Homeownership
Owners 50.79
Renters 49.21
Vacant 10.73

Housing Market Details

 

Age of Homes

AGE OF Annapolis HOMES
2000 or Newer 13.1
1970 - 1999 42.7
1940 - 1969 28.3
1939 or Older 15.9

Types of Homes

TYPE OF Annapolis HOMES
Single-Family 39.7
Townhomes 21.3
Small Apt. Buildings 5.8
Apt. Complexes 33.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Annapolis HOMES
No Bedroom 1.62
1 Bedroom 13.20
2 Bedrooms 33.78
3 Bedrooms 35.49
4 Bedrooms 12.08
5 or more bedrooms 3.83

Annapolis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
96.78% 4.06% 10 10
* 10 is highest