Clarksburg, 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

Clarksburg, MD Housing Market Trends

With a population of 14,526, 7,272 total housing units (homes and apartments), and a median house value of $537,632, Clarksburg house prices are not only among the most expensive in Maryland, Clarksburg real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Clarksburg, accounting for 49.54% of the town's housing units. Other types of housing that are prevalent in Clarksburg include row houses and other attached homes ( 38.80%), large apartment complexes or high rise apartments ( 8.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clarksburg. Owner-occupied housing accounts for 86.37% of Clarksburg's homes, and 76.64% have either three or four bedrooms, which is average sized relative to America.

Clarksburg homes and real estate are some of the newest in America. 89.93% of Clarksburg'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 Clarksburg real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 5.41%), and between 1940-1969 ( 3.60%). There's also some housing in Clarksburg built before 1939 ( 1.06%).

Clarksburg Home Appreciation Rates

Clarksburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clarksburg during the period has been just 1.85%, which is lower than 70% of US communities.

Over the last year, Clarksburg appreciation rates have trailed the rest of the nation. In the last twelve months, Clarksburg'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 Clarksburg were at 1.44%, which equates to an annual appreciation rate of 5.90%.

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

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

Average Home Values

 

Median Home Value:
$537,632

Clarksburg, MD HOME PRICES

> $1,127,000
1.2%
1.2%
$845,001 - $1,127,000
5.6%
5.6%
$564,001 - $845,000
35.7%
35.7%
$451,001 - $564,000
21.4%
21.4%
$338,001 - $451,000
24.0%
24.0%
$225,001 - $338,000
7.5%
7.5%
$113,001 - $225,000
3.6%
3.6%
$57,001 - $113,000
0.0%
0.0%
$0 - $57,000
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MD

Value Relative To Nation

Number Of Homes And Apartments:
7,272

Clarksburg 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
94.83% 3.23%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,905 / per month

Homeownership Rate

Owners
86.4%
86.4%
Renters
13.6%
13.6%
Vacant
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
89.9%
89.9%
1970 - 1999
5.4%
5.4%
1940 - 1969
3.6%
3.6%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
49.5%
49.5%
Townhomes
38.8%
38.8%
Small Apt. Buildings
2.8%
2.8%
Apt. Complexes
8.8%
8.8%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
2.2%
2.2%
2 Bedrooms
7.9%
7.9%
3 Bedrooms
40.8%
40.8%
4 Bedrooms
35.8%
35.8%
5 or more bedrooms
12.8%
12.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Clarksburg

Zip Codes in Clarksburg, MD