Glen Burnie, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glen Burnie, 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

Glen Burnie Housing Market Information

With a population of 70,619, 26,836 total housing units (homes and apartments), and a median house value of $263,293, Glen Burnie real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glen Burnie, accounting for 52.66% of the town's housing units. Other types of housing that are prevalent in Glen Burnie include large apartment complexes or high rise apartments ( 32.21%), row houses and other attached homes ( 12.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.82%).

The most prevalent building size and type in Glen Burnie are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.45% owning and 41.55% renting.

There is a lot of housing in Glen Burnie 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 Glen Burnie built between 1940-1969 ( 41.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.55%). There's also some housing in Glen Burnie built before 1939 ( 2.76%).

Glen Burnie Home Appreciation Rates

Glen Burnie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glen Burnie during the period has been just -1.96%, which is lower than 80% of US communities.

Over the last year, Glen Burnie appreciation rates have trailed the rest of the nation. In the last twelve months, Glen Burnie's appreciation rate has been 1.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glen Burnie were at -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Glen Burnie's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Glen Burnie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glen Burnie - 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 Glen Burnie real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$263,293

Glen Burnie, MD HOME PRICES

Value Range
> $1,079,000 0.5
$809,001 - $1,079,000 0.4
$540,001 - $809,000 1.2
$432,001 - $540,000 4.0
$324,001 - $432,000 15.2
$216,001 - $324,000 49.1
$108,001 - $216,000 24.3
$54,001 - $108,000 0.7
$0 - $54,000 4.5

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
20.6492441110981 61.4503816793893

Number Of Homes And Apartments:
26,836

Glen Burnie 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
71.78% 3.19% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,618 / per month

Homeownership Rate

Homeownership
Owners 58.45
Renters 41.55
Vacant 6.74

Housing Market Details

 

Age of Homes

AGE OF Glen Burnie HOMES
2000 or Newer 6.6
1970 - 1999 49.1
1940 - 1969 41.6
1939 or Older 2.8

Types of Homes

TYPE OF Glen Burnie HOMES
Single-Family 52.7
Townhomes 12.9
Small Apt. Buildings 1.8
Apt. Complexes 32.2
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Glen Burnie HOMES
No Bedroom 1.86
1 Bedroom 13.65
2 Bedrooms 28.06
3 Bedrooms 37.25
4 Bedrooms 15.58
5 or more bedrooms 3.59