Mount Rainier, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mount Rainier, 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

Mount Rainier Housing Market Information

With a population of 8,475, 3,338 total housing units (homes and apartments), and a median house value of $365,697, real estate costs in Mount Rainier 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.

Large apartment complexes or high rise apartments are the single most common housing type in Mount Rainier, accounting for 54.99% of the city's housing units. Other types of housing that are prevalent in Mount Rainier include single-family detached homes ( 28.58%), duplexes, homes converted to apartments or other small apartment buildings ( 14.08%), and a few row houses and other attached homes ( 2.36%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Mount Rainier is dominated by renter-occupied one, two, or no bedrooms apartments. 76.09% of Mount Rainier's dwellings are rentals.

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. Mount Rainier's housing was primarily built during this period, from the '40s through the '60s. A full 49.83% of the city's housing hails from this era. Other housing ages represented in Mount Rainier include homes built before 1939 ( 31.74%) and housing constructed between 1970-1999 ( 17.30%). There's also some housing in Mount Rainier built between 2000 and later ( 1.12%).

Mount Rainier Home Appreciation Rates

Real estate appreciation rates in Mount Rainier's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.43% during the period.

Appreciation rates are so strong in Mount Rainier that despite a nationwide downturn in the housing market, Mount Rainier real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Rainier appreciation rates continue to be some of the highest in America, at 5.61%, which is higher than appreciation rates in 70.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Rainier. Mount Rainier appreciation rates in the latest quarter were at -0.17%, which equates to an annual appreciation rate of -0.70%.

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

Average Home Values

 

Median Home Value:
$365,697

Mount Rainier, MD HOME PRICES

Value Range
> $1,326,000 0.6
$995,001 - $1,326,000 0.0
$663,001 - $995,000 1.8
$530,001 - $663,000 3.6
$398,001 - $530,000 25.5
$265,001 - $398,000 54.6
$132,001 - $265,000 11.5
$66,001 - $132,000 0.6
$0 - $66,000 1.8

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
11.1566858080394 28.6259541984733

Number Of Homes And Apartments:
3,338

Mount Rainier 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
146.93% 5.38% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,407 / per month

Homeownership Rate

Homeownership
Owners 23.91
Renters 76.09
Vacant 6.39

Housing Market Details

 

Age of Homes

AGE OF Mount Rainier HOMES
2000 or Newer 1.1
1970 - 1999 17.3
1940 - 1969 49.8
1939 or Older 31.7

Types of Homes

TYPE OF Mount Rainier HOMES
Single-Family 28.6
Townhomes 2.4
Small Apt. Buildings 14.1
Apt. Complexes 55.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mount Rainier HOMES
No Bedroom 5.75
1 Bedroom 38.45
2 Bedrooms 30.90
3 Bedrooms 11.78
4 Bedrooms 7.94
5 or more bedrooms 5.19

Popular Neighborhoods in Mount Rainier

Zip Codes in Mount Rainier, MD