Kensington, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kensington, 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

Kensington Housing Market Information

With a population of 2,330, 755 total housing units (homes and apartments), and a median house value of $720,773, Kensington house prices are not only among the most expensive in Maryland, Kensington real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Kensington, accounting for 69.13% of the town's housing units. Other types of housing that are prevalent in Kensington include large apartment complexes or high rise apartments ( 25.13%), duplexes, homes converted to apartments or other small apartment buildings ( 3.88%), and a few row houses and other attached homes ( 1.88%).

The most prevalent building size and type in Kensington are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.91% owning and 37.09% renting.

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. Kensington's housing was primarily built during this period, from the '40s through the '60s. A full 57.00% of the town's housing hails from this era. Other housing ages represented in Kensington include homes built before 1939 ( 26.50%) and housing constructed between 1970-1999 ( 11.25%). There's also some housing in Kensington built between 2000 and later ( 5.25%).

Kensington Home Appreciation Rates

Appreciation rates for homes in Kensington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.61%, which ranks in the top 50% nationwide. This equates to an annual average Kensington house appreciation rate of 0.36%.

Over the last year, Kensington appreciation rates have trailed the rest of the nation. In the last twelve months, Kensington's appreciation rate has been 2.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kensington were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Kensington's latest annual appreciation rate is higher than 50% 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 town. Individual neighborhoods within Kensington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kensington - 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 Kensington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$720,773

Kensington 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
106.98% 4.31% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,692 / per month

Homeownership Rate

Homeownership
Owners 62.91
Renters 37.09
Vacant 5.63

Housing Market Details

 

Age of Homes

AGE OF Kensington HOMES
2000 or Newer 5.3
1970 - 1999 11.3
1940 - 1969 57.0
1939 or Older 26.5

Types of Homes

TYPE OF Kensington HOMES
Single-Family 69.1
Townhomes 1.9
Small Apt. Buildings 3.9
Apt. Complexes 25.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Kensington HOMES
No Bedroom 0.00
1 Bedroom 14.37
2 Bedrooms 18.50
3 Bedrooms 33.38
4 Bedrooms 24.75
5 or more bedrooms 9.00