Finksburg, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Finksburg Neighborhoods Since 2000




Finksburg, 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

Finksburg Housing Market Information

With 11,351 people, 2,025 houses or apartments, and a median cost of homes of $382,141, real estate costs in Finksburg are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Finksburg, accounting for 90.81% of the town's housing units. Other types of housing that are prevalent in Finksburg include mobile homes or trailers ( 4.18%), duplexes, homes converted to apartments or other small apartment buildings ( 2.12%), and a few row houses and other attached homes ( 1.76%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Finksburg. Owner-occupied housing accounts for 92.60% of Finksburg's homes, and 79.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Finksburg 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 Finksburg built between 1940-1969 ( 19.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.80%). There's also some housing in Finksburg built before 1939 ( 7.46%).

Finksburg Home Appreciation Rates

Homes have actually lost value in Finksburg over the last then years, as home values have seen a decline of 20.34% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Finksburg home appreciation rates at -0.51%, which equates to an annual appreciation rate of -2.03%.

Over the last year, Finksburg appreciation rates have trailed the rest of the nation. In the last twelve months, Finksburg's appreciation rate has been 0.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Finksburg were at -0.51%, which equates to an annual appreciation rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$382,141

Finksburg, MD HOME PRICES

Value Range
> $1,056,000 1.2
$792,001 - $1,056,000 2.6
$528,001 - $792,000 14.9
$422,001 - $528,000 15.0
$317,001 - $422,000 27.4
$211,001 - $317,000 29.8
$106,001 - $211,000 4.1
$53,001 - $106,000 0.7
$0 - $53,000 4.4

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
10.2718856205321 23.6641221374046

Number Of Homes And Apartments:
2,025

Finksburg 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
54.95% 2.57% 4 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$845 / per month

Homeownership Rate

Homeownership
Owners 92.60
Renters 7.40
Vacant 3.85

Housing Market Details

 

Age of Homes

AGE OF Finksburg HOMES
2000 or Newer 14.8
1970 - 1999 58.3
1940 - 1969 19.4
1939 or Older 7.5

Types of Homes

TYPE OF Finksburg HOMES
Single-Family 90.8
Townhomes 1.8
Small Apt. Buildings 2.1
Apt. Complexes 1.1
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Finksburg HOMES
No Bedroom 1.06
1 Bedroom 1.84
2 Bedrooms 6.99
3 Bedrooms 46.05
4 Bedrooms 33.43
5 or more bedrooms 10.62