District Heights, MD Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

District Heights, MD Housing Market Trends

With 5,984 people, 1,892 houses or apartments, and a median cost of homes of $328,331, District Heights real estate prices are well above average cost compared to national prices.

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

The most prevalent building size and type in District Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.88% owning and 40.12% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. District Heights's housing was primarily built during this period, from the '40s through the '60s. A full 68.07% of the city's housing hails from this era. Other housing ages represented in District Heights include homes built between 1970-1999 ( 26.23%) and housing constructed before 1939 ( 5.35%).

District Heights Home Appreciation Rates

In the last 10 years, District Heights has experienced some of the highest home appreciation rates of any community in the nation. District Heights real estate appreciated 72.74% over the last ten years, which is an average annual home appreciation rate of 5.62%, putting District Heights in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, District Heights definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in District Heights that despite a nationwide downturn in the housing market, District Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, District Heights appreciation rates continue to be some of the highest in America, at 10.44%, which is higher than appreciation rates in 70.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in District Heights. District Heights appreciation rates in the latest quarter were at 2.71%, which equates to an annual appreciation rate of 11.31%.

Relative to Maryland, our data show that District Heights's latest annual appreciation rate is higher than 80% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within District Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in District Heights - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best District Heights real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$328,331

District Heights, MD HOME PRICES

> $1,322,000
0.8%
0.8%
$991,001 - $1,322,000
0.0%
0.0%
$661,001 - $991,000
0.1%
0.1%
$528,001 - $661,000
0.9%
0.9%
$397,001 - $528,000
14.3%
14.3%
$264,001 - $397,000
54.4%
54.4%
$132,001 - $264,000
24.1%
24.1%
$66,001 - $132,000
2.0%
2.0%
$0 - $66,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for MD

Value Relative To Nation

Number Of Homes And Apartments:
1,892

District Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
123.06% 3.80%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,214 / per month

Homeownership Rate

Owners
59.9%
59.9%
Renters
40.1%
40.1%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
0.3%
0.3%
1970 - 1999
26.2%
26.2%
1940 - 1969
68.1%
68.1%
1939 or Older
5.4%
5.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.8%
68.8%
Townhomes
3.0%
3.0%
Small Apt. Buildings
12.2%
12.2%
Apt. Complexes
16.0%
16.0%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
8.0%
8.0%
2 Bedrooms
19.0%
19.0%
3 Bedrooms
22.6%
22.6%
4 Bedrooms
39.4%
39.4%
5 or more bedrooms
11.1%
11.1%
0.0% 100.0%
% OF HOMES