Bel Air, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bel Air Neighborhoods Since 2000




Bel Air, 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

Bel Air Housing Market Information

With 10,190 people, 4,436 houses or apartments, and a median cost of homes of $257,198, Bel Air real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bel Air, accounting for 43.68% of the town's housing units. Other types of housing that are prevalent in Bel Air include large apartment complexes or high rise apartments ( 37.45%), row houses and other attached homes ( 15.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.51%).

The most prevalent building size and type in Bel Air are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.82% owning and 37.18% renting.

There is a lot of housing in Bel Air 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 Bel Air built between 1940-1969 ( 32.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.10%). There's also some housing in Bel Air built before 1939 ( 5.73%).

Bel Air Home Appreciation Rates

Bel Air's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bel Air during the period has been just -1.02%, which is lower than 70% of US communities.

Over the last year, Bel Air appreciation rates have trailed the rest of the nation. In the last twelve months, Bel Air's appreciation rate has been 1.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bel Air were at -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Bel Air's latest annual appreciation rate is lower than 60% 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 Bel Air differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bel Air - 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 Bel Air real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$257,198

Bel Air, MD HOME PRICES

Value Range
> $1,064,000 0.0
$798,001 - $1,064,000 0.0
$532,001 - $798,000 1.6
$425,001 - $532,000 6.5
$319,001 - $425,000 31.2
$213,001 - $319,000 34.2
$106,001 - $213,000 20.4
$53,001 - $106,000 3.1
$0 - $53,000 3.0

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
21.4695886558069 64.1221374045801

Number Of Homes And Apartments:
4,436

Bel Air 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
68.44% 3.07% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,490 / per month

Homeownership Rate

Homeownership
Owners 62.82
Renters 37.18
Vacant 6.88

Housing Market Details

 

Age of Homes

AGE OF Bel Air HOMES
2000 or Newer 10.1
1970 - 1999 51.6
1940 - 1969 32.6
1939 or Older 5.7

Types of Homes

TYPE OF Bel Air HOMES
Single-Family 43.7
Townhomes 15.2
Small Apt. Buildings 3.5
Apt. Complexes 37.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Bel Air HOMES
No Bedroom 0.78
1 Bedroom 8.86
2 Bedrooms 37.76
3 Bedrooms 36.50
4 Bedrooms 14.63
5 or more bedrooms 1.47