Jefferson, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Jefferson Neighborhoods Since 2000




Jefferson, 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

Jefferson Housing Market Information

With 2,199 people, 800 houses or apartments, and a median cost of homes of $352,367, real estate costs in Jefferson 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.

Single-family detached homes are the single most common housing type in Jefferson, accounting for 84.00% of the town's housing units. Other types of housing that are prevalent in Jefferson include row houses and other attached homes ( 9.50%), large apartment complexes or high rise apartments ( 6.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Jefferson. Owner-occupied housing accounts for 89.25% of Jefferson's homes, and 86.13% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Jefferson 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 Jefferson built between 1940-1969 ( 16.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.00%). There's also some housing in Jefferson built before 1939 ( 4.25%).

Jefferson Home Appreciation Rates

Homes have actually lost value in Jefferson over the last then years, as home values have seen a decline of 20.90% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Jefferson home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, Jefferson appreciation rates have trailed the rest of the nation. In the last twelve months, Jefferson's appreciation rate has been 0.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jefferson were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Jefferson's latest annual appreciation rate is lower than 80% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$352,367

Jefferson, MD HOME PRICES

Value Range
> $1,086,000 2.6
$815,001 - $1,086,000 1.7
$543,001 - $815,000 13.9
$434,001 - $543,000 12.2
$326,001 - $434,000 27.2
$217,001 - $326,000 32.1
$109,001 - $217,000 6.6
$54,001 - $109,000 0.5
$0 - $54,000 3.1

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
12.0414859955467 30.5343511450382

Number Of Homes And Apartments:
800

Jefferson 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
51.66% 2.44% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,525 / per month

Homeownership Rate

Homeownership
Owners 89.25
Renters 10.75
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Jefferson HOMES
2000 or Newer 6.0
1970 - 1999 73.3
1940 - 1969 16.5
1939 or Older 4.3

Types of Homes

TYPE OF Jefferson HOMES
Single-Family 84.0
Townhomes 9.5
Small Apt. Buildings 0.0
Apt. Complexes 6.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Jefferson HOMES
No Bedroom 1.13
1 Bedroom 0.00
2 Bedrooms 11.63
3 Bedrooms 47.38
4 Bedrooms 38.75
5 or more bedrooms 1.13