Lanham, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lanham Neighborhoods Since 2000




Lanham, 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

Lanham Housing Market Information

With a population of 10,677, 2,987 total housing units (homes and apartments), and a median house value of $281,469, 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 80.56% of Lanham's homes, and 69.06% 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 64.43% of the town's housing hails from this era. Other housing ages represented in Lanham include homes built between 1970-1999 ( 27.40%) and housing constructed between 2000 and later ( 6.25%). There's also some housing in Lanham built before 1939 ( 1.91%).

Lanham Home Appreciation Rates

Homes have actually lost value in Lanham over the last then years, as home values have seen a decline of 24.22% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lanham home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

NeighborhoodScout's data show that during the latest twelve months, Lanham's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Lanham's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.

Relative to Maryland, our data show that Lanham's latest annual appreciation rate is higher than 80% 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 Lanham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lanham - 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 Lanham real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$281,469

Lanham, MD HOME PRICES

Value Range
> $1,252,000 0.0
$939,001 - $1,252,000 0.1
$626,001 - $939,000 2.7
$501,001 - $626,000 11.2
$376,001 - $501,000 18.4
$250,001 - $376,000 37.1
$125,001 - $250,000 26.2
$63,001 - $125,000 1.1
$0 - $63,000 3.2

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
18.3288409703504 55.7251908396947

Number Of Homes And Apartments:
2,987

Lanham 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
70.53% 3.14% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,420 / per month

Homeownership Rate

Homeownership
Owners 80.56
Renters 19.44
Vacant 4.72

Housing Market Details

 

Age of Homes

AGE OF Lanham HOMES
2000 or Newer 6.3
1970 - 1999 27.4
1940 - 1969 64.4
1939 or Older 1.9

Types of Homes

TYPE OF Lanham HOMES
Single-Family 88.4
Townhomes 0.7
Small Apt. Buildings 0.0
Apt. Complexes 10.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lanham HOMES
No Bedroom 0.73
1 Bedroom 4.24
2 Bedrooms 7.59
3 Bedrooms 34.42
4 Bedrooms 34.64
5 or more bedrooms 18.37