North East, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating North East Neighborhoods Since 2000




North East, 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

North East Housing Market Information

With a population of 3,723, 1,659 total housing units (homes and apartments), and a median house value of $180,291, North East real estate values are some of the lowest in Maryland, although compared to real estate around the nation, North East homes are still considered rather expensive.

Row houses and other attached homes are the single most common housing type in North East, accounting for 35.22% of the town's housing units. Other types of housing that are prevalent in North East include single-family detached homes ( 33.06%), large apartment complexes or high rise apartments ( 19.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.09%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

The most prevalent building size and type in North East are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 58.41% owning and 41.59% renting.

There is a lot of housing in North East 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 North East built between 2000 and later ( 29.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.51%). There's also some housing in North East built before 1939 ( 12.98%).

North East Home Appreciation Rates

Homes have actually lost value in North East over the last then years, as home values have seen a decline of 24.73% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows North East home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

NeighborhoodScout's data show that during the latest twelve months, North East's appreciation rate, at 3.87%, has been at or slightly above the national average. In the latest quarter, North East's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$180,291

North East, MD HOME PRICES

Value Range
> $1,025,000 0.9
$768,001 - $1,025,000 3.0
$512,001 - $768,000 0.9
$409,001 - $512,000 5.9
$307,001 - $409,000 10.2
$205,001 - $307,000 27.2
$103,001 - $205,000 31.7
$51,001 - $103,000 5.7
$0 - $51,000 14.6

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
38.0405484589242 80.1526717557252

Number Of Homes And Apartments:
1,659

North East 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
35.85% 1.79% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,156 / per month

Homeownership Rate

Homeownership
Owners 58.41
Renters 41.59
Vacant 7.99

Housing Market Details

 

Age of Homes

AGE OF North East HOMES
2000 or Newer 29.3
1970 - 1999 30.2
1940 - 1969 27.5
1939 or Older 13.0

Types of Homes

TYPE OF North East HOMES
Single-Family 33.1
Townhomes 35.2
Small Apt. Buildings 11.1
Apt. Complexes 19.6
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF North East HOMES
No Bedroom 0.00
1 Bedroom 21.69
2 Bedrooms 25.40
3 Bedrooms 40.71
4 Bedrooms 9.15
5 or more bedrooms 3.05