Brandywine, 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 Q2 2021. 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

Brandywine, MD Housing Market Trends

With 7,063 people, 3,067 houses or apartments, and a median cost of homes of $427,107, real estate costs in Brandywine are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Brandywine is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Brandywine than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brandywine. Owner-occupied housing accounts for 90.84% of Brandywine's homes, and 75.91% have either three or four bedrooms, which is average sized relative to America.

Brandywine homes and real estate are some of the newest in America. 59.28% of Brandywine's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Brandywine real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.74%), and between 1940-1969 ( 18.50%). There's also some housing in Brandywine built before 1939 ( 2.47%).

Vacant housing appears to be an issue in Brandywine. Fully 11.74% of the housing stock is classified as vacant. Left unchecked, vacant Brandywine homes and apartments can be a drag on the real estate market, holding Brandywine 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.

Brandywine Home Appreciation Rates

Real estate appreciation rates in Brandywine's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.25% during the period.

Over the last year, Brandywine appreciation rates have trailed the rest of the nation. In the last twelve months, Brandywine's appreciation rate has been 7.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brandywine were at 2.59%, which equates to an annual appreciation rate of 10.77%.

Relative to Maryland, our data show that Brandywine's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$427,107

Brandywine, MD HOME PRICES

> $1,172,000
1.6%
1.6%
$879,001 - $1,172,000
1.2%
1.2%
$586,001 - $879,000
11.7%
11.7%
$468,001 - $586,000
23.7%
23.7%
$352,001 - $468,000
29.8%
29.8%
$235,001 - $352,000
22.1%
22.1%
$117,001 - $235,000
4.1%
4.1%
$59,001 - $117,000
0.9%
0.9%
$0 - $59,000
4.9%
4.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
3,067

Brandywine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
83.62% 2.87%
4
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,812 / per month

Homeownership Rate

Owners
90.8%
90.8%
Renters
9.2%
9.2%
Vacant
11.7%
11.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
59.3%
59.3%
1970 - 1999
19.7%
19.7%
1940 - 1969
18.5%
18.5%
1939 or Older
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
88.5%
88.5%
Townhomes
9.6%
9.6%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.7%
0.7%
Mobile Homes
1.3%
1.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
0.4%
0.4%
2 Bedrooms
5.1%
5.1%
3 Bedrooms
29.9%
29.9%
4 Bedrooms
46.0%
46.0%
5 or more bedrooms
18.4%
18.4%
0.0% 100.0%
% OF HOMES