Jefferson, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Jefferson, MD Housing Market Trends

With 2,199 people, 801 houses or apartments, and a median cost of homes of $408,815, 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.

Jefferson is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Jefferson than is found in 98% of the communities in America.

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 87.77% of Jefferson's homes, and 70.29% 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 before 1939 ( 9.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.61%). There's also some housing in Jefferson built between 1940-1969 ( 4.62%).

Jefferson Home Appreciation Rates

Jefferson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Jefferson during the period has been just 1.88%, which is lower than 70% of US communities.

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 4.34%, 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 1.44%, which equates to an annual appreciation rate of 5.90%.

Notably, Jefferson's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Maryland, our data show that Jefferson's latest annual appreciation rate is lower than 50% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$408,815

Jefferson, MD HOME PRICES

> $1,109,000
4.0%
4.0%
$832,001 - $1,109,000
2.5%
2.5%
$554,001 - $832,000
12.6%
12.6%
$443,001 - $554,000
22.3%
22.3%
$333,001 - $443,000
27.0%
27.0%
$222,001 - $333,000
21.9%
21.9%
$111,001 - $222,000
4.9%
4.9%
$55,001 - $111,000
0.7%
0.7%
$0 - $55,000
4.2%
4.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
801

Jefferson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
73.17% 2.65%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,446 / per month

Homeownership Rate

Owners
87.8%
87.8%
Renters
12.2%
12.2%
Vacant
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.6%
8.6%
1970 - 1999
77.0%
77.0%
1940 - 1969
4.6%
4.6%
1939 or Older
9.7%
9.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.3%
71.3%
Townhomes
11.1%
11.1%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
16.5%
16.5%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
5.0%
5.0%
2 Bedrooms
23.1%
23.1%
3 Bedrooms
19.6%
19.6%
4 Bedrooms
50.7%
50.7%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES