Capitol Heights, 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

Capitol Heights, MD Housing Market Trends

With 4,514 people, 1,510 houses or apartments, and a median cost of homes of $333,193, 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 58.45% of the town's housing units. Other types of housing that are prevalent in Capitol Heights include row houses and other attached homes ( 35.43%), large apartment complexes or high rise apartments ( 5.63%).

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 81.07% of Capitol Heights's homes, and 76.50% 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 ( 32.07%). A lesser amount of the housing stock also hails from before 1939 ( 18.73%). There's also some housing in Capitol Heights built between 2000 and later ( 4.22%).

Capitol Heights Home Appreciation Rates

In the last 10 years, Capitol Heights has experienced some of the highest home appreciation rates of any community in the nation. Capitol Heights real estate appreciated 95.72% over the last ten years, which is an average annual home appreciation rate of 6.95%, putting Capitol Heights in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Capitol Heights definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 10.37%, which is higher than appreciation rates in 70.08% 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 2.71%, which equates to an annual appreciation rate of 11.30%.

Relative to Maryland, our data show that Capitol Heights's latest annual appreciation rate is higher than 80% 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:
$333,193

Capitol Heights, MD HOME PRICES

> $1,424,000
0.3%
0.3%
$1,068,001 - $1,424,000
0.0%
0.0%
$712,001 - $1,068,000
0.0%
0.0%
$569,001 - $712,000
4.8%
4.8%
$427,001 - $569,000
23.4%
23.4%
$285,001 - $427,000
41.9%
41.9%
$142,001 - $285,000
27.0%
27.0%
$71,001 - $142,000
0.0%
0.0%
$0 - $71,000
2.6%
2.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for MD

Value Relative To Nation

Number Of Homes And Apartments:
1,510

Capitol Heights 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
164.04% 4.62%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$577 / per month

Homeownership Rate

Owners
81.1%
81.1%
Renters
18.9%
18.9%
Vacant
7.6%
7.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.2%
4.2%
1970 - 1999
45.0%
45.0%
1940 - 1969
32.1%
32.1%
1939 or Older
18.7%
18.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.4%
58.4%
Townhomes
35.4%
35.4%
Small Apt. Buildings
0.5%
0.5%
Apt. Complexes
5.6%
5.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
5.1%
5.1%
2 Bedrooms
11.4%
11.4%
3 Bedrooms
49.6%
49.6%
4 Bedrooms
26.9%
26.9%
5 or more bedrooms
6.1%
6.1%
0.0% 100.0%
% OF HOMES