Mount Rainier, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mount Rainier, MD Real Estate Data


Mount Rainier Housing Market Information

With 8,475 people, 3,345 houses or apartments, and a median cost of homes of $363,635, 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 51.06% of the city's housing units. Other types of housing that are prevalent in Mount Rainier include single-family detached homes ( 31.66%), duplexes, homes converted to apartments or other small apartment buildings ( 14.79%), and a few row houses and other attached homes ( 2.50%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Mount Rainier is dominated by renter-occupied one, two, or no bedrooms apartments. 72.62% 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 50.45% of the city's housing hails from this era. Other housing ages represented in Mount Rainier include homes built before 1939 ( 31.17%) and housing constructed between 1970-1999 ( 17.39%).

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 -0.58% during the period.

NeighborhoodScout's data show that during the latest twelve months, Mount Rainier's appreciation rate, at 5.28%, has been at or slightly above the national average. In the latest quarter, Mount Rainier's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

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:
$363,635

Mount Rainier, MD HOME PRICES

Value Range
> $1,861,000 0.3
$1,396,001 - $1,861,000 0.0
$931,001 - $1,396,000 1.4
$744,001 - $931,000 0.8
$558,001 - $744,000 28.1
$372,001 - $558,000 33.3
$186,001 - $372,000 21.0
$93,001 - $186,000 0.4
$0 - $93,000 14.7

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
11.6940914680565 32.319391634981

Number Of Homes And Apartments:
3,345

Rent & Ownership

 

Average Market Rent:
$1,257 / per month

Homeownership Rate

Homeownership
Owners 27.38
Renters 72.62
Vacant 8.23

Housing Market Details

 

Age of Homes

AGE OF Mount Rainier HOMES
2000 or Newer 1.0
1970 - 1999 17.4
1940 - 1969 50.5
1939 or Older 31.2

Types of Homes

TYPE OF Mount Rainier HOMES
Single-Family 31.7
Townhomes 2.5
Small Apt. Buildings 14.8
Apt. Complexes 51.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mount Rainier HOMES
No Bedroom 6.17
1 Bedroom 37.31
2 Bedrooms 30.26
3 Bedrooms 14.51
4 Bedrooms 7.08
5 or more bedrooms 4.66

Mount Rainier 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
139.71% 5.28% 10 10
* 10 is highest

Popular Neighborhoods in Mount Rainier

Zip Codes in Mount Rainier, MD