Capitol Heights, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Capitol Heights Neighborhoods Since 2000




Capitol Heights, 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

Capitol Heights Housing Market Information

With 4,574 people, 1,413 houses or apartments, and a median cost of homes of $240,162, Capitol Heights real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Capitol Heights, accounting for 57.62% of the town's housing units. Other types of housing that are prevalent in Capitol Heights include row houses and other attached homes ( 35.49%), large apartment complexes or high rise apartments ( 6.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Capitol Heights. Owner-occupied housing accounts for 76.99% of Capitol Heights's homes, and 76.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Capitol Heights 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 Capitol Heights built between 1940-1969 ( 31.72%). A lesser amount of the housing stock also hails from before 1939 ( 13.35%). There's also some housing in Capitol Heights built between 2000 and later ( 3.01%).

Vacant housing appears to be an issue in Capitol Heights. Fully 11.41% of the housing stock is classified as vacant. Left unchecked, vacant Capitol Heights homes and apartments can be a drag on the real estate market, holding Capitol Heights 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.

Capitol Heights Home Appreciation Rates

Homes have actually lost value in Capitol Heights over the last then years, as home values have seen a decline of 20.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Capitol Heights home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Appreciation rates are so strong in Capitol Heights that despite a nationwide downturn in the housing market, Capitol Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Capitol Heights appreciation rates continue to be some of the highest in America, at 8.66%, which is higher than appreciation rates in 89.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Capitol Heights. Capitol Heights appreciation rates in the latest quarter were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Capitol Heights's latest annual appreciation rate is higher than 90% 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 Capitol Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Capitol Heights - 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 Capitol Heights real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$240,162

Capitol Heights, MD HOME PRICES

Value Range
> $1,244,000 0.5
$933,001 - $1,244,000 0.0
$622,001 - $933,000 0.2
$498,001 - $622,000 2.0
$373,001 - $498,000 7.2
$249,001 - $373,000 36.3
$124,001 - $249,000 44.0
$62,001 - $124,000 6.4
$0 - $62,000 3.4

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
24.1122700105473 69.8473282442748

Number Of Homes And Apartments:
1,413

Capitol Heights 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
62.60% 2.86% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$666 / per month

Homeownership Rate

Homeownership
Owners 76.99
Renters 23.01
Vacant 11.41

Housing Market Details

 

Age of Homes

AGE OF Capitol Heights HOMES
2000 or Newer 3.0
1970 - 1999 51.9
1940 - 1969 31.7
1939 or Older 13.4

Types of Homes

TYPE OF Capitol Heights HOMES
Single-Family 57.6
Townhomes 35.5
Small Apt. Buildings 0.7
Apt. Complexes 6.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Capitol Heights HOMES
No Bedroom 2.76
1 Bedroom 4.95
2 Bedrooms 7.02
3 Bedrooms 45.14
4 Bedrooms 30.91
5 or more bedrooms 9.22