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


Derwood Housing Market Information

With 2,513 people, 699 houses or apartments, and a median cost of homes of $616,974, 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 69.07% of Derwood's homes, and 78.63% 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 before 1939 ( 4.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 0.00%).

Derwood Home Appreciation Rates

Real estate appreciation rates in Derwood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.48% during the period.

NeighborhoodScout's data show that during the latest twelve months, Derwood's appreciation rate, at 4.51%, has been at or slightly above the national average. In the latest quarter, Derwood's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$616,974

Derwood, MD HOME PRICES

Value Range
> $1,136,000 2.7
$852,001 - $1,136,000 13.1
$568,001 - $852,000 41.7
$454,001 - $568,000 12.3
$341,001 - $454,000 19.2
$227,001 - $341,000 3.8
$114,001 - $227,000 5.0
$57,001 - $114,000 0.0
$0 - $57,000 2.2

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
3.85899162616385 6.84410646387833

Number Of Homes And Apartments:
699

Rent & Ownership

 

Average Market Rent:
$2,064 / per month

Homeownership Rate

Homeownership
Owners 69.07
Renters 30.93
Vacant 7.78

Housing Market Details

 

Age of Homes

AGE OF Derwood HOMES
2000 or Newer 0.0
1970 - 1999 95.6
1940 - 1969 0.0
1939 or Older 4.4

Types of Homes

TYPE OF Derwood HOMES
Single-Family 59.6
Townhomes 30.9
Small Apt. Buildings 0.0
Apt. Complexes 9.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Derwood HOMES
No Bedroom 0.00
1 Bedroom 1.85
2 Bedrooms 7.65
3 Bedrooms 29.55
4 Bedrooms 49.08
5 or more bedrooms 11.87

Derwood 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
102.50% 4.24% 10 10
* 10 is highest