Capitol Heights, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Capitol Heights, MD Real Estate Data


Capitol Heights Housing Market Information

With 4,574 people, 1,463 houses or apartments, and a median cost of homes of $222,804, 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 57.72% of the town's housing units. Other types of housing that are prevalent in Capitol Heights include row houses and other attached homes ( 35.31%), large apartment complexes or high rise apartments ( 6.67%).

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 72.92% of Capitol Heights's homes, and 74.94% 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 ( 32.72%). A lesser amount of the housing stock also hails from before 1939 ( 10.74%). There's also some housing in Capitol Heights built between 2000 and later ( 3.70%).

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 23.13% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Capitol Heights home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

NeighborhoodScout's data show that during the latest twelve months, Capitol Heights's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Capitol Heights's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

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:
$222,804

Capitol Heights, MD HOME PRICES

Value Range
> $1,166,000 0.0
$874,001 - $1,166,000 0.0
$583,001 - $874,000 0.3
$466,001 - $583,000 0.4
$350,001 - $466,000 6.3
$233,001 - $350,000 39.5
$117,001 - $233,000 43.9
$58,001 - $117,000 6.6
$0 - $58,000 3.0

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
28.0259998828834 74.1444866920152

Number Of Homes And Apartments:
1,463

Rent & Ownership

 

Average Market Rent:
$1,113 / per month

Homeownership Rate

Homeownership
Owners 72.92
Renters 27.08
Vacant 9.69

Housing Market Details

 

Age of Homes

AGE OF Capitol Heights HOMES
2000 or Newer 3.7
1970 - 1999 52.8
1940 - 1969 32.7
1939 or Older 10.7

Types of Homes

TYPE OF Capitol Heights HOMES
Single-Family 57.7
Townhomes 35.3
Small Apt. Buildings 0.3
Apt. Complexes 6.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Capitol Heights HOMES
No Bedroom 2.22
1 Bedroom 5.56
2 Bedrooms 7.84
3 Bedrooms 48.02
4 Bedrooms 26.91
5 or more bedrooms 9.44

Capitol Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
53.77% 2.56% 4 7
* 10 is highest