Middle River, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Middle River Neighborhoods Since 2000




Middle River, 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

Middle River Housing Market Information

With 25,876 people, 9,458 houses or apartments, and a median cost of homes of $158,348, Middle River real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Middle River homes are still considered rather expensive.

Row houses and other attached homes are the single most common housing type in Middle River, accounting for 38.08% of the town's housing units. Other types of housing that are prevalent in Middle River include single-family detached homes ( 34.40%), large apartment complexes or high rise apartments ( 14.01%), and a few mobile homes or trailers ( 10.35%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Middle River are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 61.55% owning and 38.45% renting.

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. Middle River's housing was primarily built during this period, from the '40s through the '60s. A full 44.22% of the town's housing hails from this era. Other housing ages represented in Middle River include homes built between 1970-1999 ( 36.76%) and housing constructed between 2000 and later ( 14.09%). There's also some housing in Middle River built before 1939 ( 4.94%).

Middle River Home Appreciation Rates

Homes have actually lost value in Middle River over the last then years, as home values have seen a decline of 21.64% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Middle River home appreciation rates at -0.51%, which equates to an annual appreciation rate of -2.03%.

Over the last year, Middle River appreciation rates have trailed the rest of the nation. In the last twelve months, Middle River's appreciation rate has been 0.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Middle River were at -0.51%, which equates to an annual appreciation rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$158,348

Middle River, MD HOME PRICES

Value Range
> $1,033,000 0.2
$774,001 - $1,033,000 0.5
$516,001 - $774,000 2.8
$413,001 - $516,000 1.7
$310,001 - $413,000 4.3
$207,001 - $310,000 27.5
$103,001 - $207,000 46.9
$52,001 - $103,000 9.5
$0 - $52,000 6.6

Very Low for MD
Average for Nation

Value Relative to Nation Value Relative to State
46.4139224188445 86.2595419847328

Number Of Homes And Apartments:
9,458

Middle River 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
55.34% 2.59% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,476 / per month

Homeownership Rate

Homeownership
Owners 61.55
Renters 38.45
Vacant 9.85

Housing Market Details

 

Age of Homes

AGE OF Middle River HOMES
2000 or Newer 14.1
1970 - 1999 36.8
1940 - 1969 44.2
1939 or Older 4.9

Types of Homes

TYPE OF Middle River HOMES
Single-Family 34.4
Townhomes 38.1
Small Apt. Buildings 3.0
Apt. Complexes 14.0
Mobile Homes 10.4
Other 0.2

Home Size

SIZE OF Middle River HOMES
No Bedroom 0.61
1 Bedroom 9.78
2 Bedrooms 34.79
3 Bedrooms 43.53
4 Bedrooms 8.50
5 or more bedrooms 2.78