Damascus, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Damascus Neighborhoods Since 2000




Damascus, 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

Damascus Housing Market Information

With a population of 16,100, 4,814 total housing units (homes and apartments), and a median house value of $483,081, Damascus house prices are not only among the most expensive in Maryland, Damascus real estate also is some of the most expensive in all of America.

Damascus is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Damascus than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Damascus. Owner-occupied housing accounts for 89.45% of Damascus's homes, and 77.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Damascus 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 Damascus built between 2000 and later ( 13.03%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.89%). There's also some housing in Damascus built before 1939 ( 2.17%).

Damascus Home Appreciation Rates

Homes have actually lost value in Damascus over the last then years, as home values have seen a decline of 20.39% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Damascus home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, Damascus appreciation rates have trailed the rest of the nation. In the last twelve months, Damascus's appreciation rate has been -0.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Damascus were at -0.17%, which equates to an annual appreciation rate of -0.70%.

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

Average Home Values

 

Median Home Value:
$483,081

Damascus, MD HOME PRICES

Value Range
> $1,045,000 0.8
$784,001 - $1,045,000 5.4
$523,001 - $784,000 20.8
$418,001 - $523,000 17.0
$313,001 - $418,000 29.3
$209,001 - $313,000 16.1
$105,001 - $209,000 7.9
$52,001 - $105,000 0.8
$0 - $52,000 2.0

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
6.36938942927458 12.9770992366412

Number Of Homes And Apartments:
4,814

Damascus 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
61.79% 2.83% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,060 / per month

Homeownership Rate

Homeownership
Owners 89.45
Renters 10.55
Vacant 6.92

Housing Market Details

 

Age of Homes

AGE OF Damascus HOMES
2000 or Newer 13.0
1970 - 1999 72.9
1940 - 1969 11.9
1939 or Older 2.2

Types of Homes

TYPE OF Damascus HOMES
Single-Family 69.4
Townhomes 24.0
Small Apt. Buildings 0.7
Apt. Complexes 5.8
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Damascus HOMES
No Bedroom 0.00
1 Bedroom 0.52
2 Bedrooms 10.19
3 Bedrooms 37.55
4 Bedrooms 39.54
5 or more bedrooms 12.20