Morningside, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Morningside Neighborhoods Since 2000




Morningside, 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

Morningside Housing Market Information

With 2,086 people, 633 houses or apartments, and a median cost of homes of $210,458, Morningside real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Morningside, accounting for 64.71% of the town's housing units. Other types of housing that are prevalent in Morningside include large apartment complexes or high rise apartments ( 26.98%), row houses and other attached homes ( 8.31%).

The most prevalent building size and type in Morningside are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.93% owning and 38.07% 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. Morningside's housing was primarily built during this period, from the '40s through the '60s. A full 55.72% of the town's housing hails from this era. Other housing ages represented in Morningside include homes built between 2000 and later ( 30.65%) and housing constructed between 1970-1999 ( 9.26%). There's also some housing in Morningside built before 1939 ( 4.36%).

Vacant housing appears to be an issue in Morningside. Fully 13.76% of the housing stock is classified as vacant. Left unchecked, vacant Morningside homes and apartments can be a drag on the real estate market, holding Morningside 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.

Morningside Home Appreciation Rates

Homes have actually lost value in Morningside over the last then years, as home values have seen a decline of 27.32% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Morningside home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, Morningside appreciation rates have trailed the rest of the nation. In the last twelve months, Morningside's appreciation rate has been 2.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Morningside were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Morningside's latest annual appreciation rate is lower than 60% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$210,458

Morningside, MD HOME PRICES

Value Range
> $1,196,000 0.0
$897,001 - $1,196,000 0.0
$598,001 - $897,000 0.2
$479,001 - $598,000 2.4
$359,001 - $479,000 10.5
$239,001 - $359,000 37.8
$120,001 - $239,000 39.7
$60,001 - $120,000 5.9
$0 - $60,000 3.6

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
29.7843665768194 75.9541984732824

Number Of Homes And Apartments:
633

Morningside 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
53.19% 2.50% 4 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,777 / per month

Homeownership Rate

Homeownership
Owners 61.93
Renters 38.07
Vacant 13.76

Housing Market Details

 

Age of Homes

AGE OF Morningside HOMES
2000 or Newer 30.7
1970 - 1999 9.3
1940 - 1969 55.7
1939 or Older 4.4

Types of Homes

TYPE OF Morningside HOMES
Single-Family 64.7
Townhomes 8.3
Small Apt. Buildings 0.0
Apt. Complexes 27.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Morningside HOMES
No Bedroom 0.00
1 Bedroom 13.22
2 Bedrooms 30.65
3 Bedrooms 37.74
4 Bedrooms 14.85
5 or more bedrooms 3.54