Crisfield, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Crisfield, 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

Crisfield Housing Market Information

With a population of 2,655, 1,087 total housing units (homes and apartments), and a median house value of $91,168, house prices in Crisfield are some of the most affordable in Maryland as well as the nation.

Single-family detached homes are the single most common housing type in Crisfield, accounting for 51.11% of the city's housing units. Other types of housing that are prevalent in Crisfield include large apartment complexes or high rise apartments ( 20.36%), duplexes, homes converted to apartments or other small apartment buildings ( 17.69%), and a few row houses and other attached homes ( 10.53%).

The most prevalent building size and type in Crisfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.12% owning and 55.88% renting.

There is a lot of housing in Crisfield 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 Crisfield built between 1940-1969 ( 26.89%). A lesser amount of the housing stock also hails from before 1939 ( 25.30%). There's also some housing in Crisfield built between 2000 and later ( 20.55%).

Vacant housing appears to be an issue in Crisfield. Fully 31.07% of the housing stock is classified as vacant. Left unchecked, vacant Crisfield homes and apartments can be a drag on the real estate market, holding Crisfield 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.

Crisfield Home Appreciation Rates

Homes have actually lost value in Crisfield over the last then years, as home values have seen a decline of 35.59% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Crisfield home appreciation rates at -0.31%, which equates to an annual appreciation rate of -1.24%.

Over the last year, Crisfield appreciation rates have trailed the rest of the nation. In the last twelve months, Crisfield's appreciation rate has been -1.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crisfield were at -0.31%, which equates to an annual appreciation rate of -1.24%.

Relative to Maryland, our data show that Crisfield's latest annual appreciation rate is lower than 90% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$91,168

Crisfield, MD HOME PRICES

Value Range
> $960,000 3.8
$720,001 - $960,000 0.0
$480,001 - $720,000 1.8
$384,001 - $480,000 0.9
$288,001 - $384,000 0.9
$192,001 - $288,000 10.1
$96,001 - $192,000 32.7
$48,001 - $96,000 34.0
$0 - $48,000 15.7

Very Low for MD
Very Low for Nation

Value Relative to Nation Value Relative to State
83.2063752490332 96.9465648854962

Number Of Homes And Apartments:
1,087

Crisfield 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
16.58% 0.89% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$904 / per month

Homeownership Rate

Homeownership
Owners 44.12
Renters 55.88
Vacant 31.07

Housing Market Details

 

Age of Homes

AGE OF Crisfield HOMES
2000 or Newer 20.5
1970 - 1999 27.3
1940 - 1969 26.9
1939 or Older 25.3

Types of Homes

TYPE OF Crisfield HOMES
Single-Family 51.1
Townhomes 10.5
Small Apt. Buildings 17.7
Apt. Complexes 20.4
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Crisfield HOMES
No Bedroom 3.55
1 Bedroom 15.92
2 Bedrooms 22.32
3 Bedrooms 39.00
4 Bedrooms 12.81
5 or more bedrooms 6.40

Popular Neighborhoods in Crisfield

Zip Codes in Crisfield, MD