Myersville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Myersville Neighborhoods Since 2000




Myersville, MD Real Estate Data


Myersville Housing Market Information

With a population of 1,708, 590 total housing units (homes and apartments), and a median house value of $374,786, real estate costs in Myersville 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.

Myersville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Myersville 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 Myersville. Owner-occupied housing accounts for 88.81% of Myersville's homes, and 72.32% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Myersville 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 Myersville built between 2000 and later ( 21.91%). A lesser amount of the housing stock also hails from before 1939 ( 14.00%). There's also some housing in Myersville built between 1940-1969 ( 11.86%).

Myersville Home Appreciation Rates

Myersville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Myersville during the period has been just -1.69%, which is lower than 80% of US communities.

Over the last year, Myersville appreciation rates have trailed the rest of the nation. In the last twelve months, Myersville's appreciation rate has been 3.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Myersville were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to Maryland, our data show that Myersville's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$374,786

Myersville, MD HOME PRICES

Value Range
> $1,119,000 0.2
$839,001 - $1,119,000 5.6
$559,001 - $839,000 4.0
$447,001 - $559,000 16.2
$335,001 - $447,000 36.7
$224,001 - $335,000 20.5
$112,001 - $224,000 12.7
$56,001 - $112,000 2.5
$0 - $56,000 1.7

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
10.944545294841 29.277566539924

Number Of Homes And Apartments:
590

Rent & Ownership

 

Average Market Rent:
$1,254 / per month

Homeownership Rate

Homeownership
Owners 88.81
Renters 11.19
Vacant 2.80

Housing Market Details

 

Age of Homes

AGE OF Myersville HOMES
2000 or Newer 21.9
1970 - 1999 52.2
1940 - 1969 11.9
1939 or Older 14.0

Types of Homes

TYPE OF Myersville HOMES
Single-Family 85.8
Townhomes 10.0
Small Apt. Buildings 0.0
Apt. Complexes 4.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Myersville HOMES
No Bedroom 0.00
1 Bedroom 2.80
2 Bedrooms 7.74
3 Bedrooms 30.81
4 Bedrooms 41.52
5 or more bedrooms 17.13

Myersville 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
60.29% 2.81% 5 7
* 10 is highest