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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Gwynn Oak, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Gwynn Oak, MD Housing Market Trends

With 36,067 people, 14,356 houses or apartments, and a median cost of homes of $318,585, Gwynn Oak real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Gwynn Oak homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Gwynn Oak, accounting for 59.64% of the town's housing units. Other types of housing that are prevalent in Gwynn Oak include large apartment complexes or high rise apartments ( 19.31%), row houses and other attached homes ( 18.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gwynn Oak. Owner-occupied housing accounts for 69.40% of Gwynn Oak's homes, and 66.90% 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. Gwynn Oak's housing was primarily built during this period, from the '40s through the '60s. A full 61.44% of the town's housing hails from this era. Other housing ages represented in Gwynn Oak include homes built between 1970-1999 ( 25.62%) and housing constructed before 1939 ( 8.05%). There's also some housing in Gwynn Oak built between 2000 and later ( 4.90%).

Gwynn Oak Home Appreciation Rates

Real estate appreciation rates in Gwynn Oak's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.77% during the period.

NeighborhoodScout's data show that during the latest twelve months, Gwynn Oak's appreciation rate, at 6.55%, has been at or slightly above the national average. In the latest quarter, Gwynn Oak's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Maryland, our data show that Gwynn Oak's latest annual appreciation rate is higher than 80% 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 Gwynn Oak differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gwynn Oak - 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 Gwynn Oak real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$318,585

Gwynn Oak, MD Home Prices
> $1,289,000
$967,001 - $1,289,000
$645,001 - $967,000
$516,001 - $645,000
$387,001 - $516,000
$258,001 - $387,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
0.9%
0.9%
0.2%
0.2%
1.3%
1.3%
2.2%
2.2%
17.6%
17.6%
54.5%
54.5%
19.0%
19.0%
1.1%
1.1%
3.3%
3.3%
0% 100.0%
% of Homes
Very Low

for Maryland

High

for nation

Number of Homes And Apartments:

14,356

Gwynn Oak Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,410 / per month

Homeownership Rate

Owners
Renters
69.4%
69.4%
30.6%
30.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.0%
5.0%
95.0%
95.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.9%
4.9%
25.6%
25.6%
61.4%
61.4%
8.0%
8.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.6%
59.6%
18.1%
18.1%
2.7%
2.7%
19.3%
19.3%
0.1%
0.1%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
7.8%
7.8%
19.3%
19.3%
53.4%
53.4%
13.5%
13.5%
4.2%
4.2%
0% 100.0%
% of Homes