Middletown, MD Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Middletown, MD Housing Market Trends

With a population of 4,792, 1,567 total housing units (homes and apartments), and a median house value of $446,179, real estate costs in Middletown 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.

Middletown is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Middletown 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 Middletown. Owner-occupied housing accounts for 81.37% of Middletown's homes, and 73.90% have either three or four bedrooms, which is average sized relative to America.

Middletown homes and real estate are some of the newest in America. 40.49% of Middletown'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 Middletown real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.44%), and before 1939 ( 15.42%). There's also some housing in Middletown built between 1940-1969 ( 9.65%).

Vacant housing appears to be an issue in Middletown. Fully 10.51% of the housing stock is classified as vacant. Left unchecked, vacant Middletown homes and apartments can be a drag on the real estate market, holding Middletown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Middletown Home Appreciation Rates

Real estate appreciation rates in Middletown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.50% during the period.

Over the last year, Middletown appreciation rates have trailed the rest of the nation. In the last twelve months, Middletown's appreciation rate has been 5.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Middletown were at 1.77%, which equates to an annual appreciation rate of 7.27%.

Relative to Maryland, our data show that Middletown's latest annual appreciation rate is lower than 50% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$446,179

Middletown, MD HOME PRICES

> $1,119,000
2.4%
2.4%
$839,001 - $1,119,000
1.8%
1.8%
$559,001 - $839,000
18.3%
18.3%
$447,001 - $559,000
26.8%
26.8%
$335,001 - $447,000
27.3%
27.3%
$224,001 - $335,000
20.6%
20.6%
$112,001 - $224,000
1.8%
1.8%
$56,001 - $112,000
0.2%
0.2%
$0 - $56,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
1,567

Middletown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
86.94% 2.99%
5
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,723 / per month

Homeownership Rate

Owners
81.4%
81.4%
Renters
18.6%
18.6%
Vacant
10.5%
10.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
40.5%
40.5%
1970 - 1999
34.4%
34.4%
1940 - 1969
9.7%
9.7%
1939 or Older
15.4%
15.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.3%
75.3%
Townhomes
11.2%
11.2%
Small Apt. Buildings
3.3%
3.3%
Apt. Complexes
9.7%
9.7%
Mobile Homes
0.0%
0.0%
Other
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
5.1%
5.1%
2 Bedrooms
12.9%
12.9%
3 Bedrooms
28.5%
28.5%
4 Bedrooms
45.4%
45.4%
5 or more bedrooms
7.5%
7.5%
0.0% 100.0%
% OF HOMES