Havre de Grace, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Havre de Grace, 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

Havre de Grace Housing Market Information

With 13,504 people, 5,702 houses or apartments, and a median cost of homes of $309,404, Havre de Grace real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Havre de Grace, accounting for 48.24% of the city's housing units. Other types of housing that are prevalent in Havre de Grace include row houses and other attached homes ( 21.88%), large apartment complexes or high rise apartments ( 17.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.21%).

The most prevalent building size and type in Havre de Grace are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.05% owning and 36.95% renting.

There is a lot of housing in Havre de Grace 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 Havre de Grace built between 2000 and later ( 25.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.75%). There's also some housing in Havre de Grace built before 1939 ( 13.77%).

Havre de Grace Home Appreciation Rates

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

Over the last year, Havre de Grace appreciation rates have trailed the rest of the nation. In the last twelve months, Havre de Grace's appreciation rate has been 2.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Havre de Grace were at -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Havre de Grace's latest annual appreciation rate is lower than 50% 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 Havre de Grace differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Havre de Grace - 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 Havre de Grace real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$309,404

Havre de Grace, MD HOME PRICES

Value Range
> $1,051,000 0.0
$788,001 - $1,051,000 0.0
$526,001 - $788,000 4.2
$420,001 - $526,000 7.3
$315,001 - $420,000 26.3
$210,001 - $315,000 34.9
$105,001 - $210,000 22.1
$53,001 - $105,000 1.8
$0 - $53,000 3.4

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
15.4986522911051 46.5648854961832

Number Of Homes And Apartments:
5,702

Havre de Grace 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
60.13% 2.77% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,981 / per month

Homeownership Rate

Homeownership
Owners 63.05
Renters 36.95
Vacant 9.72

Housing Market Details

 

Age of Homes

AGE OF Havre de Grace HOMES
2000 or Newer 25.9
1970 - 1999 35.6
1940 - 1969 24.7
1939 or Older 13.8

Types of Homes

TYPE OF Havre de Grace HOMES
Single-Family 48.2
Townhomes 21.9
Small Apt. Buildings 11.2
Apt. Complexes 17.8
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Havre de Grace HOMES
No Bedroom 1.88
1 Bedroom 10.18
2 Bedrooms 25.16
3 Bedrooms 40.03
4 Bedrooms 18.14
5 or more bedrooms 4.61