Lusby, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Lusby Neighborhoods Since 2000




Lusby, 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

Lusby Housing Market Information

With 1,870 people, 623 houses or apartments, and a median cost of homes of $364,853, real estate costs in Lusby 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 Lusby, accounting for 78.12% of the town's housing units. Other types of housing that are prevalent in Lusby include large apartment complexes or high rise apartments ( 12.77%), duplexes, homes converted to apartments or other small apartment buildings ( 7.29%), and a few row houses and other attached homes ( 1.82%).

The most prevalent building size and type in Lusby are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.41% owning and 37.59% renting.

There is a lot of housing in Lusby built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lusby built between 2000 and later ( 27.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.62%). There's also some housing in Lusby built before 1939 ( 3.04%).

Lusby Home Appreciation Rates

Homes have actually lost value in Lusby over the last then years, as home values have seen a decline of 19.64% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lusby home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, Lusby appreciation rates have trailed the rest of the nation. In the last twelve months, Lusby's appreciation rate has been -0.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lusby were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Lusby's latest annual appreciation rate is lower than 90% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$364,853

Lusby, MD HOME PRICES

Value Range
> $1,040,000 3.7
$780,001 - $1,040,000 3.2
$520,001 - $780,000 10.0
$416,001 - $520,000 6.4
$312,001 - $416,000 13.5
$208,001 - $312,000 40.0
$104,001 - $208,000 21.5
$52,001 - $104,000 0.3
$0 - $52,000 1.4

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
11.2211414508379 29.0076335877863

Number Of Homes And Apartments:
623

Lusby 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
58.88% 2.72% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,263 / per month

Homeownership Rate

Homeownership
Owners 62.41
Renters 37.59
Vacant 5.32

Housing Market Details

 

Age of Homes

AGE OF Lusby HOMES
2000 or Newer 27.8
1970 - 1999 63.5
1940 - 1969 5.6
1939 or Older 3.0

Types of Homes

TYPE OF Lusby HOMES
Single-Family 78.1
Townhomes 1.8
Small Apt. Buildings 7.3
Apt. Complexes 12.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lusby HOMES
No Bedroom 0.00
1 Bedroom 10.33
2 Bedrooms 17.33
3 Bedrooms 44.53
4 Bedrooms 13.83
5 or more bedrooms 13.98