Greenbelt, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greenbelt Neighborhoods Since 2000




Greenbelt, 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

Greenbelt Housing Market Information

With a population of 24,272, 9,343 total housing units (homes and apartments), and a median house value of $259,042, Greenbelt real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Greenbelt, accounting for 61.59% of the city's housing units. Other types of housing that are prevalent in Greenbelt include row houses and other attached homes ( 26.20%), single-family detached homes ( 9.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.90%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Greenbelt primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Greenbelt has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Greenbelt 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 Greenbelt built between 1940-1969 ( 36.43%). A lesser amount of the housing stock also hails from before 1939 ( 10.19%). There's also some housing in Greenbelt built between 2000 and later ( 2.55%).

Greenbelt Home Appreciation Rates

Greenbelt's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Greenbelt during the period has been just -1.17%, which is lower than 70% of US communities.

Appreciation rates are so strong in Greenbelt that despite a nationwide downturn in the housing market, Greenbelt real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greenbelt appreciation rates continue to be some of the highest in America, at 10.27%, which is higher than appreciation rates in 94.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greenbelt. Greenbelt appreciation rates in the latest quarter were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Greenbelt's latest annual appreciation rate is higher than 90% 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 Greenbelt differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greenbelt - 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 Greenbelt real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$259,042

Greenbelt, MD HOME PRICES

Value Range
> $1,265,000 0.0
$949,001 - $1,265,000 0.4
$633,001 - $949,000 0.8
$506,001 - $633,000 6.1
$379,001 - $506,000 10.0
$253,001 - $379,000 28.8
$127,001 - $253,000 40.3
$63,001 - $127,000 9.8
$0 - $63,000 3.8

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
21.2117660846127 63.3587786259542

Number Of Homes And Apartments:
9,343

Greenbelt 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
92.32% 3.86% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,805 / per month

Homeownership Rate

Homeownership
Owners 44.64
Renters 55.36
Vacant 5.89

Housing Market Details

 

Age of Homes

AGE OF Greenbelt HOMES
2000 or Newer 2.5
1970 - 1999 50.8
1940 - 1969 36.4
1939 or Older 10.2

Types of Homes

TYPE OF Greenbelt HOMES
Single-Family 9.9
Townhomes 26.2
Small Apt. Buildings 1.9
Apt. Complexes 61.6
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Greenbelt HOMES
No Bedroom 1.63
1 Bedroom 26.94
2 Bedrooms 38.96
3 Bedrooms 23.34
4 Bedrooms 6.96
5 or more bedrooms 2.17