Middle River, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Middle River, MD Real Estate Data


Middle River Housing Market Information

With 25,876 people, 9,765 houses or apartments, and a median cost of homes of $196,873, Middle River real estate prices are well above average cost compared to national prices.

Row houses and other attached homes are the single most common housing type in Middle River, accounting for 38.02% of the town's housing units. Other types of housing that are prevalent in Middle River include single-family detached homes ( 34.38%), large apartment complexes or high rise apartments ( 13.97%), and a few mobile homes or trailers ( 10.04%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 61.20% owning and 38.80% 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 43.95% of the town's housing hails from this era. Other housing ages represented in Middle River include homes built between 1970-1999 ( 37.81%) and housing constructed between 2000 and later ( 13.05%). There's also some housing in Middle River built before 1939 ( 5.19%).

Middle River Home Appreciation Rates

Middle River's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Middle River during the period has been just -1.72%, which is lower than 80% of US communities.

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 4.17%, 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 1.10%, which equates to an annual appreciation rate of 4.48%.

Relative to Maryland, our data show that Middle River's latest annual appreciation rate is lower than 60% 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:
$196,873

Middle River, MD HOME PRICES

Value Range
> $1,060,000 0.2
$795,001 - $1,060,000 0.4
$530,001 - $795,000 2.9
$424,001 - $530,000 2.1
$318,001 - $424,000 6.4
$212,001 - $318,000 24.7
$106,001 - $212,000 48.8
$53,001 - $106,000 7.2
$0 - $53,000 7.2

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
33.9462434853897 79.467680608365

Number Of Homes And Apartments:
9,765

Rent & Ownership

 

Average Market Rent:
$1,249 / per month

Homeownership Rate

Homeownership
Owners 61.20
Renters 38.80
Vacant 7.48

Housing Market Details

 

Age of Homes

AGE OF Middle River HOMES
2000 or Newer 13.0
1970 - 1999 37.8
1940 - 1969 44.0
1939 or Older 5.2

Types of Homes

TYPE OF Middle River HOMES
Single-Family 34.4
Townhomes 38.0
Small Apt. Buildings 3.3
Apt. Complexes 14.0
Mobile Homes 10.0
Other 0.3

Home Size

SIZE OF Middle River HOMES
No Bedroom 0.63
1 Bedroom 10.59
2 Bedrooms 33.09
3 Bedrooms 43.80
4 Bedrooms 9.39
5 or more bedrooms 2.49

Middle River Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
61.68% 2.87% 5 8
* 10 is highest