Mechanicsville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mechanicsville Neighborhoods Since 2000




Mechanicsville, 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

Mechanicsville Housing Market Information

With 1,577 people, 609 houses or apartments, and a median cost of homes of $316,422, real estate costs in Mechanicsville 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.

Mechanicsville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Mechanicsville 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 Mechanicsville. Owner-occupied housing accounts for 86.04% of Mechanicsville's homes, and 73.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mechanicsville 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 Mechanicsville built between 2000 and later ( 31.53%). A lesser amount of the housing stock also hails from before 1939 ( 13.46%). There's also some housing in Mechanicsville built between 1940-1969 ( 10.02%).

Mechanicsville Home Appreciation Rates

Homes have actually lost value in Mechanicsville over the last then years, as home values have seen a decline of 23.02% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mechanicsville 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, Mechanicsville's appreciation rate, at 3.54%, has been at or slightly above the national average. In the latest quarter, Mechanicsville's appreciation rate has been 0.42%, which annualizes to a rate of 1.70%.

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

Average Home Values

 

Median Home Value:
$316,422

Mechanicsville, MD HOME PRICES

Value Range
> $1,026,000 1.5
$770,001 - $1,026,000 0.2
$514,001 - $770,000 6.2
$411,001 - $514,000 10.3
$308,001 - $411,000 35.0
$205,001 - $308,000 34.9
$103,001 - $205,000 8.5
$51,001 - $103,000 1.3
$0 - $51,000 2.2

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
14.9185515059182 43.8931297709924

Number Of Homes And Apartments:
609

Mechanicsville 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
59.54% 2.74% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,665 / per month

Homeownership Rate

Homeownership
Owners 86.04
Renters 13.96
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Mechanicsville HOMES
2000 or Newer 31.5
1970 - 1999 45.0
1940 - 1969 10.0
1939 or Older 13.5

Types of Homes

TYPE OF Mechanicsville HOMES
Single-Family 100.0
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mechanicsville HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 6.40
3 Bedrooms 36.78
4 Bedrooms 36.95
5 or more bedrooms 19.87