Phoenix, MD Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Phoenix, MD Housing Market Trends

With 10,989 people, 1,843 houses or apartments, and a median cost of homes of $86,282, house prices in Phoenix are some of the most affordable in Maryland as well as the nation.

Phoenix is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Phoenix 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 Phoenix. Owner-occupied housing accounts for 94.53% of Phoenix's homes, and 79.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Phoenix 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 Phoenix built between 1940-1969 ( 19.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.89%). There's also some housing in Phoenix built before 1939 ( 8.47%).

Phoenix Home Appreciation Rates

Real estate appreciation rates in Phoenix's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.93% during the period.

NeighborhoodScout's data show that during the latest twelve months, Phoenix's appreciation rate, at 9.48%, has been at or slightly above the national average. In the latest quarter, Phoenix's appreciation rate has been 2.65%, which annualizes to a rate of 11.01%.

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

Average Home Values

 

Median Home Value:
$86,282

Phoenix, MD HOME PRICES

> $1,177,000
0.7%
0.7%
$882,001 - $1,177,000
0.0%
0.0%
$588,001 - $882,000
0.1%
0.1%
$471,001 - $588,000
0.1%
0.1%
$353,001 - $471,000
1.3%
1.3%
$235,001 - $353,000
2.8%
2.8%
$118,001 - $235,000
18.9%
18.9%
$59,001 - $118,000
52.3%
52.3%
$0 - $59,000
23.7%
23.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
1,843

Phoenix Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
94.73% 3.15%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$697 / per month

Homeownership Rate

Owners
94.5%
94.5%
Renters
5.5%
5.5%
Vacant
7.2%
7.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.9%
12.9%
1970 - 1999
58.7%
58.7%
1940 - 1969
20.0%
20.0%
1939 or Older
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
98.9%
98.9%
Townhomes
0.1%
0.1%
Small Apt. Buildings
0.1%
0.1%
Apt. Complexes
0.0%
0.0%
Mobile Homes
0.9%
0.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.5%
0.5%
2 Bedrooms
2.5%
2.5%
3 Bedrooms
30.4%
30.4%
4 Bedrooms
48.7%
48.7%
5 or more bedrooms
17.8%
17.8%
0.0% 100.0%
% OF HOMES