Crisfield, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Crisfield, MD Real Estate Data


Crisfield Housing Market Information

With 2,655 people, 1,034 houses or apartments, and a median cost of homes of $108,838, house prices in Crisfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Crisfield, accounting for 46.69% of the city's housing units. Other types of housing that are prevalent in Crisfield include large apartment complexes or high rise apartments ( 20.50%), duplexes, homes converted to apartments or other small apartment buildings ( 17.29%), and a few row houses and other attached homes ( 15.13%).

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 42.75% owning and 57.25% 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 ( 26.78%). A lesser amount of the housing stock also hails from before 1939 ( 22.00%). There's also some housing in Crisfield built between 2000 and later ( 21.87%).

Vacant housing appears to be an issue in Crisfield. Fully 32.29% 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 31.22% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Crisfield home appreciation rates at -0.43%, which equates to an annual appreciation rate of -1.69%.

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 3.91%, 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 -0.43%, which equates to an annual appreciation rate of -1.69%.

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

Relative to Maryland, our data show that Crisfield's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$108,838

Crisfield, MD HOME PRICES

Value Range
> $939,000 4.9
$705,001 - $939,000 0.0
$470,001 - $705,000 2.2
$376,001 - $470,000 0.7
$282,001 - $376,000 0.8
$188,001 - $282,000 7.8
$94,001 - $188,000 39.4
$47,001 - $94,000 28.8
$0 - $47,000 15.4

Very Low for MD
Low for Nation

Value Relative to Nation Value Relative to State
73.1744451601569 93.9163498098859

Number Of Homes And Apartments:
1,034

Rent & Ownership

 

Average Market Rent:
$878 / per month

Homeownership Rate

Homeownership
Owners 42.75
Renters 57.25
Vacant 32.29

Housing Market Details

 

Age of Homes

AGE OF Crisfield HOMES
2000 or Newer 21.9
1970 - 1999 29.3
1940 - 1969 26.8
1939 or Older 22.0

Types of Homes

TYPE OF Crisfield HOMES
Single-Family 46.7
Townhomes 15.1
Small Apt. Buildings 17.3
Apt. Complexes 20.5
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Crisfield HOMES
No Bedroom 1.83
1 Bedroom 13.43
2 Bedrooms 26.52
3 Bedrooms 40.54
4 Bedrooms 11.20
5 or more bedrooms 6.48

Crisfield 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
13.65% 0.76% 1 1
* 10 is highest

Popular Neighborhoods in Crisfield

Zip Codes in Crisfield, MD