Millersville, 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 Q4 2020. 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

Millersville, MD Housing Market Trends

With 21,575 people, 2,113 houses or apartments, and a median cost of homes of $511,905, 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 83.42% of Millersville's homes, and 67.02% 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 ( 18.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.30%). There's also some housing in Millersville built before 1939 ( 1.76%).

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 2.02%, 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 4.28%, 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 1.92%, which equates to an annual appreciation rate of 7.90%.

Relative to Maryland, our data show that Millersville's latest annual appreciation rate is lower than 80% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$511,905

Millersville, MD HOME PRICES

> $1,109,000
1.8%
1.8%
$832,001 - $1,109,000
6.8%
6.8%
$555,001 - $832,000
34.1%
34.1%
$443,001 - $555,000
11.7%
11.7%
$333,001 - $443,000
16.8%
16.8%
$222,001 - $333,000
19.9%
19.9%
$111,001 - $222,000
8.6%
8.6%
$56,001 - $111,000
0.0%
0.0%
$0 - $56,000
0.3%
0.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MD

Value Relative To Nation

Number Of Homes And Apartments:
2,113

Millersville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
104.82% 3.47%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,008 / per month

Homeownership Rate

Owners
83.4%
83.4%
Renters
16.6%
16.6%
Vacant
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.3%
14.3%
1970 - 1999
65.7%
65.7%
1940 - 1969
18.2%
18.2%
1939 or Older
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.7%
74.7%
Townhomes
19.9%
19.9%
Small Apt. Buildings
0.7%
0.7%
Apt. Complexes
4.4%
4.4%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
3.6%
3.6%
2 Bedrooms
12.2%
12.2%
3 Bedrooms
26.5%
26.5%
4 Bedrooms
40.5%
40.5%
5 or more bedrooms
16.3%
16.3%
0.0% 100.0%
% OF HOMES