Joppa, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Joppa Neighborhoods Since 2000




Joppa, 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

Joppa Housing Market Information

With 16,816 people, 2,134 houses or apartments, and a median cost of homes of $114,673, 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 60.67% of the town's housing units. Other types of housing that are prevalent in Joppa include row houses and other attached homes ( 19.47%), large apartment complexes or high rise apartments ( 10.67%), and a few mobile homes or trailers ( 7.70%).

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 83.47% of Joppa's homes, and 72.74% 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 40.83% of the town's housing hails from this era. Other housing ages represented in Joppa include homes built between 1970-1999 ( 38.51%) and housing constructed between 2000 and later ( 17.92%). There's also some housing in Joppa built before 1939 ( 2.74%).

Joppa Home Appreciation Rates

Appreciation rates for homes in Joppa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.69%, which ranks in the top 50% nationwide. This equates to an annual average Joppa house appreciation rate of 0.36%.

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 0.46%, 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 0.56%, which equates to an annual appreciation rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$114,673

Joppa, MD HOME PRICES

Value Range
> $1,054,000 0.7
$790,001 - $1,054,000 0.1
$527,001 - $790,000 0.0
$421,001 - $527,000 0.6
$316,001 - $421,000 1.4
$211,001 - $316,000 11.4
$105,001 - $211,000 36.0
$53,001 - $105,000 34.5
$0 - $53,000 15.3

Very Low for MD
Low for Nation

Value Relative to Nation Value Relative to State
68.4782608695652 93.5114503816794

Number Of Homes And Apartments:
2,134

Joppa 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
19.79% 1.05% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$712 / per month

Homeownership Rate

Homeownership
Owners 83.47
Renters 16.53
Vacant 5.72

Housing Market Details

 

Age of Homes

AGE OF Joppa HOMES
2000 or Newer 17.9
1970 - 1999 38.5
1940 - 1969 40.8
1939 or Older 2.7

Types of Homes

TYPE OF Joppa HOMES
Single-Family 60.7
Townhomes 19.5
Small Apt. Buildings 1.5
Apt. Complexes 10.7
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF Joppa HOMES
No Bedroom 0.19
1 Bedroom 3.51
2 Bedrooms 21.29
3 Bedrooms 50.01
4 Bedrooms 22.73
5 or more bedrooms 2.27