Mount Airy, 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

Mount Airy, MD Housing Market Trends

With 9,458 people, 3,135 houses or apartments, and a median cost of homes of $470,080, Mount Airy house prices are not only among the most expensive in Maryland, Mount Airy real estate also is some of the most expensive in all of America.

Mount Airy is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Mount Airy 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 Mount Airy. Owner-occupied housing accounts for 90.06% of Mount Airy's homes, and 79.23% 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 ( 34.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.65%). There's also some housing in Mount Airy built before 1939 ( 7.22%).

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 1.99%, which is lower than 70% 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 4.30%, 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 1.74%, which equates to an annual appreciation rate of 7.12%.

Relative to Maryland, our data show that Mount Airy's latest annual appreciation rate is lower than 70% 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

 
info

Median Home Value:
$470,080

Mount Airy, MD HOME PRICES

> $1,122,000
0.2%
0.2%
$842,001 - $1,122,000
1.6%
1.6%
$561,001 - $842,000
23.0%
23.0%
$449,001 - $561,000
22.7%
22.7%
$337,001 - $449,000
27.3%
27.3%
$225,001 - $337,000
19.8%
19.8%
$112,001 - $225,000
2.5%
2.5%
$56,001 - $112,000
1.5%
1.5%
$0 - $56,000
1.5%
1.5%
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:
3,135

Mount Airy 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
88.13% 3.05%
6
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,931 / per month

Homeownership Rate

Owners
90.1%
90.1%
Renters
9.9%
9.9%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
34.9%
34.9%
1970 - 1999
50.2%
50.2%
1940 - 1969
7.7%
7.7%
1939 or Older
7.2%
7.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.3%
67.3%
Townhomes
29.9%
29.9%
Small Apt. Buildings
0.8%
0.8%
Apt. Complexes
1.9%
1.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
1.2%
1.2%
2 Bedrooms
11.0%
11.0%
3 Bedrooms
35.7%
35.7%
4 Bedrooms
43.5%
43.5%
5 or more bedrooms
8.0%
8.0%
0.0% 100.0%
% OF HOMES