Mount Airy, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mount Airy, MD Real Estate Data


Mount Airy Housing Market Information

With a population of 9,380, 3,201 total housing units (homes and apartments), and a median house value of $422,918, real estate costs in Mount Airy 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.

Single-family detached homes are the single most common housing type in Mount Airy, accounting for 68.70% of the town's housing units. Other types of housing that are prevalent in Mount Airy include row houses and other attached homes ( 25.73%), large apartment complexes or high rise apartments ( 4.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Airy. Owner-occupied housing accounts for 84.87% of Mount Airy's homes, and 75.23% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mount Airy 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 Mount Airy built between 2000 and later ( 29.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.73%). There's also some housing in Mount Airy built before 1939 ( 7.68%).

Mount Airy Home Appreciation Rates

Mount Airy's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mount Airy during the period has been just -1.54%, which is lower than 80% of US communities.

Over the last year, Mount Airy appreciation rates have trailed the rest of the nation. In the last twelve months, Mount Airy's appreciation rate has been 4.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mount Airy were at 1.23%, which equates to an annual appreciation rate of 5.00%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Mount Airy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Airy - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mount Airy real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$422,918

Mount Airy, MD HOME PRICES

Value Range
> $1,110,000 0.5
$833,001 - $1,110,000 0.6
$556,001 - $833,000 17.4
$444,001 - $556,000 22.7
$333,001 - $444,000 24.0
$222,001 - $333,000 24.4
$111,001 - $222,000 6.4
$56,001 - $111,000 0.8
$0 - $56,000 3.2

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
8.67248345728172 21.6730038022814

Number Of Homes And Apartments:
3,201

Rent & Ownership

 

Average Market Rent:
$1,540 / per month

Homeownership Rate

Homeownership
Owners 84.87
Renters 15.13
Vacant 0.90

Housing Market Details

 

Age of Homes

AGE OF Mount Airy HOMES
2000 or Newer 29.7
1970 - 1999 53.9
1940 - 1969 8.7
1939 or Older 7.7

Types of Homes

TYPE OF Mount Airy HOMES
Single-Family 68.7
Townhomes 25.7
Small Apt. Buildings 1.0
Apt. Complexes 4.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mount Airy HOMES
No Bedroom 1.73
1 Bedroom 0.87
2 Bedrooms 15.60
3 Bedrooms 40.15
4 Bedrooms 35.08
5 or more bedrooms 6.56

Mount Airy Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
81.72% 3.58% 8 9
* 10 is highest