Derwood, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Derwood Neighborhoods Since 2000




Derwood, 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

Derwood Housing Market Information

With 2,513 people, 728 houses or apartments, and a median cost of homes of $592,019, Derwood house prices are not only among the most expensive in Maryland, Derwood real estate also is some of the most expensive in all of America.

Derwood is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Derwood 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 Derwood. Owner-occupied housing accounts for 67.03% of Derwood's homes, and 70.60% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Derwood 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 Derwood built between 2000 and later ( 2.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 0.00%).

Derwood Home Appreciation Rates

Derwood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Derwood during the period has been just -0.89%, which is lower than 70% of US communities.

Over the last year, Derwood appreciation rates have trailed the rest of the nation. In the last twelve months, Derwood's appreciation rate has been 1.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Derwood were at -0.17%, which equates to an annual appreciation rate of -0.70%.

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

Average Home Values

 

Median Home Value:
$592,019

Derwood, MD HOME PRICES

Value Range
> $1,074,000 1.1
$805,001 - $1,074,000 14.9
$537,001 - $805,000 45.1
$429,001 - $537,000 9.8
$322,001 - $429,000 20.4
$215,001 - $322,000 1.3
$107,001 - $215,000 4.6
$54,001 - $107,000 0.0
$0 - $54,000 2.8

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
4.06070549630845 7.25190839694656

Number Of Homes And Apartments:
728

Derwood 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
93.10% 3.89% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,387 / per month

Homeownership Rate

Homeownership
Owners 67.03
Renters 32.97
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Derwood HOMES
2000 or Newer 2.6
1970 - 1999 97.4
1940 - 1969 0.0
1939 or Older 0.0

Types of Homes

TYPE OF Derwood HOMES
Single-Family 52.5
Townhomes 32.4
Small Apt. Buildings 0.0
Apt. Complexes 15.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Derwood HOMES
No Bedroom 0.00
1 Bedroom 5.91
2 Bedrooms 9.20
3 Bedrooms 30.77
4 Bedrooms 39.84
5 or more bedrooms 14.29