Edgewood, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Edgewood Neighborhoods Since 2000




Edgewood, 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

Edgewood Housing Market Information

With 26,103 people, 9,181 houses or apartments, and a median cost of homes of $163,350, Edgewood real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Edgewood homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Edgewood, accounting for 41.57% of the town's housing units. Other types of housing that are prevalent in Edgewood include row houses and other attached homes ( 39.18%), large apartment complexes or high rise apartments ( 8.72%), and a few mobile homes or trailers ( 6.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edgewood. Owner-occupied housing accounts for 68.77% of Edgewood's homes, and 67.24% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Edgewood 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 Edgewood built between 1940-1969 ( 19.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.16%). There's also some housing in Edgewood built before 1939 ( 4.59%).

Edgewood Home Appreciation Rates

Homes have actually lost value in Edgewood over the last then years, as home values have seen a decline of 23.74% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Edgewood home appreciation rates at -0.51%, which equates to an annual appreciation rate of -2.03%.

Over the last year, Edgewood appreciation rates have trailed the rest of the nation. In the last twelve months, Edgewood's appreciation rate has been 0.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edgewood were at -0.51%, which equates to an annual appreciation rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$163,350

Edgewood, MD HOME PRICES

Value Range
> $1,062,000 0.2
$796,001 - $1,062,000 0.4
$531,001 - $796,000 0.6
$425,001 - $531,000 2.5
$318,001 - $425,000 9.2
$212,001 - $318,000 23.9
$106,001 - $212,000 45.0
$53,001 - $106,000 10.4
$0 - $53,000 7.8

Very Low for MD
Average for Nation

Value Relative to Nation Value Relative to State
44.3279034337279 84.3511450381679

Number Of Homes And Apartments:
9,181

Edgewood 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
48.74% 2.33% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,460 / per month

Homeownership Rate

Homeownership
Owners 68.77
Renters 31.23
Vacant 7.84

Housing Market Details

 

Age of Homes

AGE OF Edgewood HOMES
2000 or Newer 16.2
1970 - 1999 59.6
1940 - 1969 19.7
1939 or Older 4.6

Types of Homes

TYPE OF Edgewood HOMES
Single-Family 41.6
Townhomes 39.2
Small Apt. Buildings 4.2
Apt. Complexes 8.7
Mobile Homes 6.3
Other 0.0

Home Size

SIZE OF Edgewood HOMES
No Bedroom 0.45
1 Bedroom 3.08
2 Bedrooms 26.53
3 Bedrooms 48.59
4 Bedrooms 18.64
5 or more bedrooms 2.70