Glenarden, 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 Q4 2020. 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

Glenarden, MD Housing Market Trends

With a population of 6,143, 2,071 total housing units (homes and apartments), and a median house value of $292,166, Glenarden real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Glenarden, accounting for 65.19% of the city's housing units. Other types of housing that are prevalent in Glenarden include row houses and other attached homes ( 26.12%), large apartment complexes or high rise apartments ( 7.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glenarden. Owner-occupied housing accounts for 82.45% of Glenarden's homes, and 76.76% have either three or four bedrooms, which is average sized relative to America.

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. Glenarden's housing was primarily built during this period, from the '40s through the '60s. A full 40.89% of the city's housing hails from this era. Other housing ages represented in Glenarden include homes built between 1970-1999 ( 38.54%) and housing constructed between 2000 and later ( 20.04%).

Glenarden Home Appreciation Rates

Appreciation rates for homes in Glenarden have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.12%, which ranks in the top 30% nationwide. This equates to an annual average Glenarden house appreciation rate of 4.22%.

Over the last year, Glenarden appreciation rates have trailed the rest of the nation. In the last twelve months, Glenarden's appreciation rate has been 4.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glenarden were at 1.46%, which equates to an annual appreciation rate of 5.98%.

Notably, Glenarden's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$292,166

Glenarden, MD HOME PRICES

> $1,168,000
0.5%
0.5%
$876,001 - $1,168,000
0.3%
0.3%
$584,001 - $876,000
4.1%
4.1%
$467,001 - $584,000
6.8%
6.8%
$350,001 - $467,000
18.2%
18.2%
$234,001 - $350,000
50.5%
50.5%
$117,001 - $234,000
15.8%
15.8%
$59,001 - $117,000
0.6%
0.6%
$0 - $59,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
2,071

Glenarden Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
109.20% 3.58%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,688 / per month

Homeownership Rate

Owners
82.5%
82.5%
Renters
17.5%
17.5%
Vacant
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.0%
20.0%
1970 - 1999
38.5%
38.5%
1940 - 1969
40.9%
40.9%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.2%
65.2%
Townhomes
26.1%
26.1%
Small Apt. Buildings
0.4%
0.4%
Apt. Complexes
7.4%
7.4%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
3.3%
3.3%
2 Bedrooms
9.4%
9.4%
3 Bedrooms
46.0%
46.0%
4 Bedrooms
30.7%
30.7%
5 or more bedrooms
10.2%
10.2%
0.0% 100.0%
% OF HOMES