Bladensburg, MD Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bladensburg, MD Housing Market Trends

With a population of 9,408, 3,768 total housing units (homes and apartments), and a median house value of $192,961, Bladensburg real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Bladensburg homes are still considered rather expensive.

Large apartment complexes or high rise apartments are the single most common housing type in Bladensburg, accounting for 72.06% of the town's housing units. Other types of housing that are prevalent in Bladensburg include single-family detached homes ( 21.88%), row houses and other attached homes ( 4.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.33%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

Bladensburg is dominated by renter-occupied one, two, or no bedrooms apartments. 79.39% of Bladensburg's dwellings are rentals.

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. Bladensburg's housing was primarily built during this period, from the '40s through the '60s. A full 57.96% of the town's housing hails from this era. Other housing ages represented in Bladensburg include homes built between 1970-1999 ( 27.84%) and housing constructed between 2000 and later ( 8.69%). There's also some housing in Bladensburg built before 1939 ( 5.51%).

Bladensburg Home Appreciation Rates

Bladensburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bladensburg during the period has been just 2.02%, which is lower than 70% of US communities.

Over the last year, Bladensburg appreciation rates have trailed the rest of the nation. In the last twelve months, Bladensburg'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 Bladensburg were at 1.44%, which equates to an annual appreciation rate of 5.89%.

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

Relative to Maryland, our data show that Bladensburg's latest annual appreciation rate is lower than 50% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$192,961

Bladensburg, MD HOME PRICES

> $1,131,000
0.9%
0.9%
$848,001 - $1,131,000
0.0%
0.0%
$566,001 - $848,000
0.9%
0.9%
$453,001 - $566,000
4.1%
4.1%
$339,001 - $453,000
16.0%
16.0%
$226,001 - $339,000
28.9%
28.9%
$113,001 - $226,000
45.8%
45.8%
$56,001 - $113,000
1.6%
1.6%
$0 - $56,000
1.8%
1.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
3,768

Bladensburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
94.99% 3.23%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,742 / per month

Homeownership Rate

Owners
20.6%
20.6%
Renters
79.4%
79.4%
Vacant
7.3%
7.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.7%
8.7%
1970 - 1999
27.8%
27.8%
1940 - 1969
58.0%
58.0%
1939 or Older
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
21.9%
21.9%
Townhomes
4.7%
4.7%
Small Apt. Buildings
1.3%
1.3%
Apt. Complexes
72.1%
72.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.5%
4.5%
1 Bedroom
31.0%
31.0%
2 Bedrooms
31.9%
31.9%
3 Bedrooms
23.0%
23.0%
4 Bedrooms
5.9%
5.9%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES