Millersville MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Millersville Housing Market Information

With 21,450 people, 2,114 houses or apartments, and a median cost of homes of $527,856, 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 85.71% of Millersville's homes, and 69.15% 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 ( 19.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.04%). There's also some housing in Millersville built before 1939 ( 2.44%).

Millersville Home Appreciation Rates

Real estate appreciation rates in Millersville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.73% during the period.

NeighborhoodScout's data show that during the latest twelve months, Millersville's appreciation rate, at 4.13%, has been at or slightly above the national average. In the latest quarter, Millersville's appreciation rate has been 1.86%, which annualizes to a rate of 7.66%.

Relative to Maryland, our data show that Millersville's latest annual appreciation rate is higher than 70% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$527,856

Millersville, MD HOME PRICES

Value Range
> $1,169,000 2.1
$877,001 - $1,169,000 5.8
$584,001 - $877,000 29.8
$468,001 - $584,000 13.0
$351,001 - $468,000 17.7
$234,001 - $351,000 21.3
$117,001 - $234,000 8.3
$58,001 - $117,000 0.0
$0 - $58,000 2.1

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
6.55474452554745 11.4661654135338

Number Of Homes And Apartments:
2,114

Millersville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
106.93% 3.75%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,141 / per month

Homeownership Rate

Homeownership
Owners 85.71
Renters 14.29
Vacant 7.43

Housing Market Details

 

Age of Homes

AGE OF Millersville HOMES
2000 or Newer 13.0
1970 - 1999 65.2
1940 - 1969 19.3
1939 or Older 2.4

Types of Homes

TYPE OF Millersville HOMES
Single-Family 77.2
Townhomes 17.8
Small Apt. Buildings 0.6
Apt. Complexes 3.9
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Millersville HOMES
No Bedroom 0.47
1 Bedroom 2.52
2 Bedrooms 13.42
3 Bedrooms 27.98
4 Bedrooms 41.16
5 or more bedrooms 14.44