New Carrollton, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Carrollton Neighborhoods Since 2000




New Carrollton, 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

New Carrollton Housing Market Information

With a population of 12,786, 4,256 total housing units (homes and apartments), and a median house value of $310,887, 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 54.04% of the city's housing units. Other types of housing that are prevalent in New Carrollton include large apartment complexes or high rise apartments ( 44.67%).

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 58.11% owning and 41.89% 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 70.40% of the city's housing hails from this era. Other housing ages represented in New Carrollton include homes built between 1970-1999 ( 25.68%) and housing constructed between 2000 and later ( 2.03%). There's also some housing in New Carrollton built before 1939 ( 1.89%).

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 28.48% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows New Carrollton home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

NeighborhoodScout's data show that during the latest twelve months, New Carrollton's appreciation rate, at 5.34%, has been at or slightly above the national average. In the latest quarter, New Carrollton's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.

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:
$310,887

New Carrollton, MD HOME PRICES

Value Range
> $1,273,000 0.0
$955,001 - $1,273,000 0.5
$636,001 - $955,000 0.5
$509,001 - $636,000 3.8
$382,001 - $509,000 12.1
$254,001 - $382,000 44.5
$127,001 - $254,000 27.1
$64,001 - $127,000 6.4
$0 - $64,000 5.1

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
15.3580217977265 45.8015267175573

Number Of Homes And Apartments:
4,256

New Carrollton 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
67.18% 3.02% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,611 / per month

Homeownership Rate

Homeownership
Owners 58.11
Renters 41.89
Vacant 5.27

Housing Market Details

 

Age of Homes

AGE OF New Carrollton HOMES
2000 or Newer 2.0
1970 - 1999 25.7
1940 - 1969 70.4
1939 or Older 1.9

Types of Homes

TYPE OF New Carrollton HOMES
Single-Family 54.0
Townhomes 0.2
Small Apt. Buildings 0.9
Apt. Complexes 44.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF New Carrollton HOMES
No Bedroom 1.27
1 Bedroom 15.51
2 Bedrooms 27.93
3 Bedrooms 25.35
4 Bedrooms 19.39
5 or more bedrooms 10.55