Leonardtown, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Leonardtown Neighborhoods Since 2000




Leonardtown, 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

Leonardtown Housing Market Information

With a population of 3,633, 1,199 total housing units (homes and apartments), and a median house value of $333,560, real estate costs in Leonardtown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Leonardtown, accounting for 58.66% of the town's housing units. Other types of housing that are prevalent in Leonardtown include large apartment complexes or high rise apartments ( 29.18%), row houses and other attached homes ( 7.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.08%).

The most prevalent building size and type in Leonardtown are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.09% owning and 50.91% renting.

Leonardtown homes and real estate are some of the newest in America. 35.33% of Leonardtown's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Leonardtown real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.25%), and between 1940-1969 ( 28.64%). There's also some housing in Leonardtown built before 1939 ( 4.77%).

Leonardtown Home Appreciation Rates

Homes have actually lost value in Leonardtown over the last then years, as home values have seen a decline of 20.50% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Leonardtown home appreciation rates at 0.42%, which equates to an annual appreciation rate of 1.70%.

NeighborhoodScout's data show that during the latest twelve months, Leonardtown's appreciation rate, at 3.15%, has been at or slightly above the national average. In the latest quarter, Leonardtown's appreciation rate has been 0.42%, which annualizes to a rate of 1.70%.

Relative to Maryland, our data show that Leonardtown's latest annual appreciation rate is higher than 60% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$333,560

Leonardtown, MD HOME PRICES

Value Range
> $999,000 2.5
$750,001 - $999,000 2.8
$500,001 - $750,000 11.6
$400,001 - $500,000 16.0
$300,001 - $400,000 29.3
$200,001 - $300,000 25.9
$100,001 - $200,000 8.4
$50,001 - $100,000 1.1
$0 - $50,000 2.3

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
13.4067737020977 35.4961832061069

Number Of Homes And Apartments:
1,199

Leonardtown 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
54.51% 2.55% 4 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,551 / per month

Homeownership Rate

Homeownership
Owners 49.09
Renters 50.91
Vacant 7.70

Housing Market Details

 

Age of Homes

AGE OF Leonardtown HOMES
2000 or Newer 35.3
1970 - 1999 31.3
1940 - 1969 28.6
1939 or Older 4.8

Types of Homes

TYPE OF Leonardtown HOMES
Single-Family 58.7
Townhomes 7.8
Small Apt. Buildings 4.1
Apt. Complexes 29.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Leonardtown HOMES
No Bedroom 10.24
1 Bedroom 15.09
2 Bedrooms 12.24
3 Bedrooms 22.56
4 Bedrooms 25.02
5 or more bedrooms 14.86