New Carrollton, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating New Carrollton Neighborhoods Since 2000




New Carrollton, MD Real Estate Data


New Carrollton Housing Market Information

With a population of 12,786, 4,141 total housing units (homes and apartments), and a median house value of $277,773, New Carrollton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in New Carrollton, accounting for 54.00% of the city's housing units. Other types of housing that are prevalent in New Carrollton include large apartment complexes or high rise apartments ( 44.39%), duplexes, homes converted to apartments or other small apartment buildings ( 1.43%).

The most prevalent building size and type in New Carrollton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.61% owning and 43.39% renting.

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. New Carrollton's housing was primarily built during this period, from the '40s through the '60s. A full 68.34% of the city's housing hails from this era. Other housing ages represented in New Carrollton include homes built between 1970-1999 ( 28.74%) and housing constructed between 2000 and later ( 1.75%). There's also some housing in New Carrollton built before 1939 ( 1.17%).

New Carrollton Home Appreciation Rates

Homes have actually lost value in New Carrollton over the last then years, as home values have seen a decline of 28.20% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows New Carrollton home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

NeighborhoodScout's data show that during the latest twelve months, New Carrollton's appreciation rate, at 5.63%, has been at or slightly above the national average. In the latest quarter, New Carrollton's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$277,773

New Carrollton, MD HOME PRICES

Value Range
> $1,260,000 0.0
$945,001 - $1,260,000 0.5
$630,001 - $945,000 0.3
$504,001 - $630,000 4.1
$378,001 - $504,000 17.0
$252,001 - $378,000 42.1
$126,001 - $252,000 26.2
$63,001 - $126,000 5.6
$0 - $63,000 4.1

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
19.2539673244715 56.2737642585551

Number Of Homes And Apartments:
4,141

Rent & Ownership

 

Average Market Rent:
$1,448 / per month

Homeownership Rate

Homeownership
Owners 56.61
Renters 43.39
Vacant 4.80

Housing Market Details

 

Age of Homes

AGE OF New Carrollton HOMES
2000 or Newer 1.7
1970 - 1999 28.7
1940 - 1969 68.3
1939 or Older 1.2

Types of Homes

TYPE OF New Carrollton HOMES
Single-Family 54.0
Townhomes 0.2
Small Apt. Buildings 1.4
Apt. Complexes 44.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF New Carrollton HOMES
No Bedroom 1.01
1 Bedroom 15.26
2 Bedrooms 27.17
3 Bedrooms 24.99
4 Bedrooms 21.68
5 or more bedrooms 9.89

New Carrollton 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
63.00% 2.92% 6 8
* 10 is highest