Hyattsville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hyattsville Neighborhoods Since 2000




Hyattsville, 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

Hyattsville Housing Market Information

With 18,501 people, 6,353 houses or apartments, and a median cost of homes of $318,223, real estate costs in Hyattsville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Large apartment complexes or high rise apartments are the single most common housing type in Hyattsville, accounting for 45.40% of the city's housing units. Other types of housing that are prevalent in Hyattsville include single-family detached homes ( 43.27%), row houses and other attached homes ( 7.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.03%). 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 Hyattsville primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Hyattsville has a mixture of owner-occupied and renter-occupied housing.

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. Hyattsville's housing was primarily built during this period, from the '40s through the '60s. A full 52.17% of the city's housing hails from this era. Other housing ages represented in Hyattsville include homes built before 1939 ( 18.58%) and housing constructed between 1970-1999 ( 14.93%). There's also some housing in Hyattsville built between 2000 and later ( 14.33%).

Hyattsville Home Appreciation Rates

Hyattsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hyattsville during the period has been just -1.63%, which is lower than 80% of US communities.

Appreciation rates are so strong in Hyattsville that despite a nationwide downturn in the housing market, Hyattsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hyattsville appreciation rates continue to be some of the highest in America, at 5.81%, which is higher than appreciation rates in 72.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hyattsville. Hyattsville 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 Hyattsville'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 city. Individual neighborhoods within Hyattsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hyattsville - 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 Hyattsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$318,223

Hyattsville, MD HOME PRICES

Value Range
> $1,211,000 0.0
$908,001 - $1,211,000 0.0
$605,001 - $908,000 1.5
$484,001 - $605,000 7.2
$363,001 - $484,000 24.6
$242,001 - $363,000 38.5
$121,001 - $242,000 21.7
$61,001 - $121,000 2.8
$0 - $61,000 3.8

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
14.7017461619595 43.1297709923664

Number Of Homes And Apartments:
6,353

Hyattsville 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
100.26% 4.11% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,424 / per month

Homeownership Rate

Homeownership
Owners 44.30
Renters 55.70
Vacant 7.94

Housing Market Details

 

Age of Homes

AGE OF Hyattsville HOMES
2000 or Newer 14.3
1970 - 1999 14.9
1940 - 1969 52.2
1939 or Older 18.6

Types of Homes

TYPE OF Hyattsville HOMES
Single-Family 43.3
Townhomes 7.3
Small Apt. Buildings 4.0
Apt. Complexes 45.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hyattsville HOMES
No Bedroom 2.22
1 Bedroom 23.37
2 Bedrooms 32.72
3 Bedrooms 22.26
4 Bedrooms 13.37
5 or more bedrooms 6.06