Millersville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Millersville Neighborhoods Since 2000




Millersville, 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

Millersville Housing Market Information

With 20,965 people, 2,160 houses or apartments, and a median cost of homes of $486,071, Millersville house prices are not only among the most expensive in Maryland, Millersville real estate also is some of the most expensive in all of America.

Millersville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Millersville 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 Millersville. Owner-occupied housing accounts for 83.85% of Millersville's homes, and 66.98% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Millersville 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 Millersville built between 1940-1969 ( 18.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.49%). There's also some housing in Millersville built before 1939 ( 2.08%).

Millersville Home Appreciation Rates

Millersville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Millersville during the period has been just -1.31%, which is lower than 70% of US communities.

Over the last year, Millersville appreciation rates have trailed the rest of the nation. In the last twelve months, Millersville's appreciation rate has been 2.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Millersville were at -0.51%, which equates to an annual appreciation rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$486,071

Millersville, MD HOME PRICES

Value Range
> $1,083,000 2.5
$812,001 - $1,083,000 3.8
$541,001 - $812,000 31.0
$433,001 - $541,000 9.9
$325,001 - $433,000 19.4
$216,001 - $325,000 19.9
$108,001 - $216,000 10.5
$54,001 - $108,000 0.0
$0 - $54,000 3.0

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
6.28442517285831 12.4045801526718

Number Of Homes And Apartments:
2,160

Millersville 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
81.82% 3.53% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,905 / per month

Homeownership Rate

Homeownership
Owners 83.85
Renters 16.15
Vacant 5.48

Housing Market Details

 

Age of Homes

AGE OF Millersville HOMES
2000 or Newer 11.5
1970 - 1999 67.8
1940 - 1969 18.7
1939 or Older 2.1

Types of Homes

TYPE OF Millersville HOMES
Single-Family 74.6
Townhomes 19.5
Small Apt. Buildings 0.4
Apt. Complexes 5.4
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Millersville HOMES
No Bedroom 0.22
1 Bedroom 2.84
2 Bedrooms 14.38
3 Bedrooms 30.39
4 Bedrooms 36.59
5 or more bedrooms 15.59