Phoenix, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Phoenix, 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

Phoenix Housing Market Information

With 11,040 people, 1,815 houses or apartments, and a median cost of homes of $46,808, 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 94.74% of Phoenix's homes, and 72.23% 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 ( 23.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.09%). There's also some housing in Phoenix built before 1939 ( 9.60%).

Phoenix Home Appreciation Rates

Phoenix's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Phoenix during the period has been just -1.38%, which is lower than 80% of US communities.

Over the last year, Phoenix appreciation rates have trailed the rest of the nation. In the last twelve months, Phoenix's appreciation rate has been -0.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Phoenix were at 0.56%, which equates to an annual appreciation rate of 2.24%.

Relative to Maryland, our data show that Phoenix's latest annual appreciation rate is lower than 90% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$46,808

Phoenix, MD HOME PRICES

Value Range
> $1,010,000 0.1
$758,001 - $1,010,000 0.0
$505,001 - $758,000 0.8
$404,001 - $505,000 0.0
$303,001 - $404,000 1.2
$202,001 - $303,000 0.8
$101,001 - $202,000 11.0
$50,001 - $101,000 33.1
$0 - $50,000 52.9

Very Low for MD
Very Low for Nation

Value Relative to Nation Value Relative to State
99.5458806984648 100.0

Number Of Homes And Apartments:
1,815

Phoenix 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
20.61% 1.09% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$625 / per month

Homeownership Rate

Homeownership
Owners 94.74
Renters 5.26
Vacant 6.18

Housing Market Details

 

Age of Homes

AGE OF Phoenix HOMES
2000 or Newer 12.1
1970 - 1999 55.0
1940 - 1969 23.4
1939 or Older 9.6

Types of Homes

TYPE OF Phoenix HOMES
Single-Family 97.7
Townhomes 2.1
Small Apt. Buildings 0.2
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Phoenix HOMES
No Bedroom 0.00
1 Bedroom 0.51
2 Bedrooms 7.11
3 Bedrooms 21.90
4 Bedrooms 50.34
5 or more bedrooms 20.14