Nottingham, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Nottingham Neighborhoods Since 2000




Nottingham, 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

Nottingham Housing Market Information

With a population of 38,348, 1,775 total housing units (homes and apartments), and a median house value of $270,024, Nottingham real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Nottingham, accounting for 46.20% of the town's housing units. Other types of housing that are prevalent in Nottingham include row houses and other attached homes ( 29.93%), large apartment complexes or high rise apartments ( 22.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Nottingham. Owner-occupied housing accounts for 76.84% of Nottingham's homes, and 66.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Nottingham 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 Nottingham built between 1940-1969 ( 18.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.58%). There's also some housing in Nottingham built before 1939 ( 3.63%).

Nottingham Home Appreciation Rates

Nottingham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Nottingham during the period has been just -1.48%, which is lower than 80% of US communities.

Over the last year, Nottingham appreciation rates have trailed the rest of the nation. In the last twelve months, Nottingham's appreciation rate has been 2.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nottingham were at -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Nottingham's latest annual appreciation rate is lower than 50% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Nottingham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Nottingham - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Nottingham real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$270,024

Nottingham, MD HOME PRICES

Value Range
> $1,072,000 0.4
$804,001 - $1,072,000 0.2
$536,001 - $804,000 2.0
$429,001 - $536,000 3.6
$321,001 - $429,000 18.0
$215,001 - $321,000 47.6
$107,001 - $215,000 25.1
$53,001 - $107,000 0.3
$0 - $53,000 2.7

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
19.7644439235908 58.3969465648855

Number Of Homes And Apartments:
1,775

Nottingham 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
69.21% 3.10% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,909 / per month

Homeownership Rate

Homeownership
Owners 76.84
Renters 23.16
Vacant 4.65

Housing Market Details

 

Age of Homes

AGE OF Nottingham HOMES
2000 or Newer 6.6
1970 - 1999 71.3
1940 - 1969 18.5
1939 or Older 3.6

Types of Homes

TYPE OF Nottingham HOMES
Single-Family 46.2
Townhomes 29.9
Small Apt. Buildings 1.2
Apt. Complexes 22.4
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Nottingham HOMES
No Bedroom 0.11
1 Bedroom 7.49
2 Bedrooms 23.79
3 Bedrooms 48.07
4 Bedrooms 18.34
5 or more bedrooms 2.20