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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lanham, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Lanham, MD Housing Market Trends

With 11,282 people, 3,125 houses or apartments, and a median cost of homes of $436,975, Lanham real estate prices are well above average cost compared to national prices.

Lanham is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Lanham 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 Lanham. Owner-occupied housing accounts for 77.60% of Lanham's homes, and 63.41% 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. Lanham's housing was primarily built during this period, from the '40s through the '60s. A full 50.00% of the town's housing hails from this era. Other housing ages represented in Lanham include homes built between 1970-1999 ( 38.39%) and housing constructed between 2000 and later ( 8.04%). There's also some housing in Lanham built before 1939 ( 3.57%).

Lanham Home Appreciation Rates

Appreciation rates for homes in Lanham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.72%, which ranks in the top 30% nationwide. This equates to an annual average Lanham house appreciation rate of 7.22%.

Over the last year, Lanham appreciation rates have trailed the rest of the nation. In the last twelve months, Lanham's appreciation rate has been 4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lanham were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Maryland, our data show that Lanham's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

Average Home Values

Median Home Value

$436,975

Lanham, MD Home Prices
> $1,233,000
$924,001 - $1,233,000
$616,001 - $924,000
$493,001 - $616,000
$370,001 - $493,000
$247,001 - $370,000
$123,001 - $247,000
$62,001 - $123,000
$0 - $62,000
0.9%
0.9%
0.7%
0.7%
16.6%
16.6%
23.7%
23.7%
41.7%
41.7%
10.4%
10.4%
2.6%
2.6%
0.0%
0.0%
3.4%
3.4%
0% 100.0%
% of Homes
Average

for Maryland

High

for nation

Number of Homes And Apartments:

3,125

Lanham Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,847 / per month

Homeownership Rate

Owners
Renters
77.6%
77.6%
22.4%
22.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.3%
6.3%
93.7%
93.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.0%
8.0%
38.4%
38.4%
50.0%
50.0%
3.6%
3.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
93.7%
93.7%
1.5%
1.5%
0.5%
0.5%
4.3%
4.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.7%
2.7%
6.7%
6.7%
36.2%
36.2%
27.2%
27.2%
27.2%
27.2%
0% 100.0%
% of Homes