Joppa, 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 Q2 2021. 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

Joppa, MD Housing Market Trends

With a population of 17,164, 2,034 total housing units (homes and apartments), and a median house value of $142,698, house prices in Joppa are solidly below the national average.

Single-family detached homes are the single most common housing type in Joppa, accounting for 63.79% of the town's housing units. Other types of housing that are prevalent in Joppa include row houses and other attached homes ( 21.08%), large apartment complexes or high rise apartments ( 7.64%), and a few mobile homes or trailers ( 6.42%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Joppa. Owner-occupied housing accounts for 81.50% of Joppa's homes, and 74.26% 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. Joppa's housing was primarily built during this period, from the '40s through the '60s. A full 40.66% of the town's housing hails from this era. Other housing ages represented in Joppa include homes built between 1970-1999 ( 37.19%) and housing constructed between 2000 and later ( 20.20%). There's also some housing in Joppa built before 1939 ( 1.95%).

Joppa Home Appreciation Rates

Joppa's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Joppa during the period has been just 2.55%, which is lower than 70% of US communities.

Over the last year, Joppa appreciation rates have trailed the rest of the nation. In the last twelve months, Joppa's appreciation rate has been 8.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Joppa were at 2.61%, which equates to an annual appreciation rate of 10.87%.

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

Average Home Values

 

Median Home Value:
$142,698

Joppa, MD HOME PRICES

> $1,191,000
0.4%
0.4%
$893,001 - $1,191,000
0.0%
0.0%
$595,001 - $893,000
0.7%
0.7%
$476,001 - $595,000
1.1%
1.1%
$357,001 - $476,000
3.9%
3.9%
$238,001 - $357,000
10.6%
10.6%
$119,001 - $238,000
38.2%
38.2%
$60,001 - $119,000
33.1%
33.1%
$0 - $60,000
12.0%
12.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Very Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
2,034

Joppa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
48.35% 1.85%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$809 / per month

Homeownership Rate

Owners
81.5%
81.5%
Renters
18.5%
18.5%
Vacant
9.2%
9.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.2%
20.2%
1970 - 1999
37.2%
37.2%
1940 - 1969
40.7%
40.7%
1939 or Older
1.9%
1.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.8%
63.8%
Townhomes
21.1%
21.1%
Small Apt. Buildings
1.1%
1.1%
Apt. Complexes
7.6%
7.6%
Mobile Homes
6.4%
6.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
3.5%
3.5%
2 Bedrooms
17.1%
17.1%
3 Bedrooms
46.3%
46.3%
4 Bedrooms
28.0%
28.0%
5 or more bedrooms
4.8%
4.8%
0.0% 100.0%
% OF HOMES