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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 4,042, 1,651 total housing units (homes and apartments), and a median house value of $143,888, house prices in Pocomoke City are solidly below the national average.
Single-family detached homes are the single most common housing type in Pocomoke City, accounting for 76.51% of the city's housing units. Other types of housing that are prevalent in Pocomoke City include large apartment complexes or high rise apartments ( 18.09%), row houses and other attached homes ( 4.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.04%).
The most prevalent building size and type in Pocomoke City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.51% owning and 55.49% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Pocomoke City's housing was primarily built during this period, from the '40s through the '60s. A full 36.12% of the city's housing hails from this era. Other housing ages represented in Pocomoke City include homes built between 1970-1999 ( 30.93%) and housing constructed before 1939 ( 23.34%). There's also some housing in Pocomoke City built between 2000 and later ( 9.62%).
Vacant housing appears to be an issue in Pocomoke City. Fully 14.19% of the housing stock is classified as vacant. Left unchecked, vacant Pocomoke City homes and apartments can be a drag on the real estate market, holding Pocomoke City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Pocomoke City over the last then years, as home values have seen a decline of 3.51% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pocomoke City home appreciation rates at 0.64%, which equates to an annual appreciation rate of 2.60%.
Over the last year, Pocomoke City appreciation rates have trailed the rest of the nation. In the last twelve months, Pocomoke City's appreciation rate has been -2.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pocomoke City were at 0.64%, which equates to an annual appreciation rate of 2.60%.
Notably, Pocomoke City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Maryland, our data show that Pocomoke City's latest annual appreciation rate is lower than 90% of the other cities and towns in Maryland.
|$800,001 - $1,066,000||0.0|
|$533,001 - $800,000||2.1|
|$427,001 - $533,000||1.6|
|$320,001 - $427,000||1.9|
|$213,001 - $320,000||8.4|
|$107,001 - $213,000||54.7|
|$53,001 - $107,000||25.1|
|$0 - $53,000||4.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Pocomoke City HOMES|
|2000 or Newer||9.6|
|1970 - 1999||30.9|
|1940 - 1969||36.1|
|1939 or Older||23.3|
|TYPE OF Pocomoke City HOMES|
|Small Apt. Buildings||1.0|
|SIZE OF Pocomoke City HOMES|
|5 or more bedrooms||1.09|