Owings, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Owings Neighborhoods Since 2000




Owings, 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

Owings Housing Market Information

With 2,190 people, 769 houses or apartments, and a median cost of homes of $507,741, Owings house prices are not only among the most expensive in Maryland, Owings real estate also is some of the most expensive in all of America.

Owings is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Owings 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 Owings. Owner-occupied housing accounts for 92.70% of Owings's homes, and 73.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Owings 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 Owings built between 2000 and later ( 42.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.18%).

Owings Home Appreciation Rates

Homes have actually lost value in Owings over the last then years, as home values have seen a decline of 21.19% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Owings home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Over the last year, Owings appreciation rates have trailed the rest of the nation. In the last twelve months, Owings's appreciation rate has been 2.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Owings were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Owings's latest annual appreciation rate is lower than 60% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$507,741

Owings, MD HOME PRICES

Value Range
> $1,070,000 1.4
$803,001 - $1,070,000 1.8
$535,001 - $803,000 28.1
$428,001 - $535,000 27.6
$321,001 - $428,000 24.4
$214,001 - $321,000 11.9
$107,001 - $214,000 2.3
$53,001 - $107,000 1.2
$0 - $53,000 1.2

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
5.75999062463378 10.6870229007634

Number Of Homes And Apartments:
769

Owings 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
56.81% 2.64% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,700 / per month

Homeownership Rate

Homeownership
Owners 92.70
Renters 7.30
Vacant 3.15

Housing Market Details

 

Age of Homes

AGE OF Owings HOMES
2000 or Newer 42.1
1970 - 1999 50.8
1940 - 1969 7.2
1939 or Older 0.0

Types of Homes

TYPE OF Owings HOMES
Single-Family 97.6
Townhomes 1.4
Small Apt. Buildings 1.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Owings HOMES
No Bedroom 0.00
1 Bedroom 1.01
2 Bedrooms 4.28
3 Bedrooms 24.56
4 Bedrooms 49.37
5 or more bedrooms 20.78