Pocomoke City, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pocomoke City Neighborhoods Since 2000




Pocomoke City, 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

Pocomoke City Housing Market Information

With 4,133 people, 1,473 houses or apartments, and a median cost of homes of $141,341, Pocomoke City real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Pocomoke City homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Pocomoke City, accounting for 69.57% of the city's housing units. Other types of housing that are prevalent in Pocomoke City include large apartment complexes or high rise apartments ( 22.12%), duplexes, homes converted to apartments or other small apartment buildings ( 5.11%), and a few row houses and other attached homes ( 3.20%).

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 43.67% owning and 56.33% renting.

There is a lot of housing in Pocomoke City 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 Pocomoke City built between 1940-1969 ( 31.05%). A lesser amount of the housing stock also hails from before 1939 ( 20.16%). There's also some housing in Pocomoke City built between 2000 and later ( 10.67%).

Vacant housing appears to be an issue in Pocomoke City. Fully 17.29% 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.

Pocomoke City Home Appreciation Rates

Homes have actually lost value in Pocomoke City over the last then years, as home values have seen a decline of 29.40% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Pocomoke City home appreciation rates at -0.31%, which equates to an annual appreciation rate of -1.24%.

NeighborhoodScout's data show that during the latest twelve months, Pocomoke City's appreciation rate, at 3.25%, has been at or slightly above the national average. In the latest quarter, Pocomoke City's appreciation rate has been -0.31%, which annualizes to a rate of -1.24%.

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

Average Home Values

 

Median Home Value:
$141,341

Pocomoke City, MD HOME PRICES

Value Range
> $1,054,000 1.5
$790,001 - $1,054,000 0.1
$527,001 - $790,000 2.8
$421,001 - $527,000 3.8
$316,001 - $421,000 4.8
$211,001 - $316,000 10.9
$105,001 - $211,000 36.7
$53,001 - $105,000 29.0
$0 - $53,000 10.3

Very Low for MD
Average for Nation

Value Relative to Nation Value Relative to State
54.1720379702332 91.6030534351145

Number Of Homes And Apartments:
1,473

Pocomoke City 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
27.37% 1.41% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$934 / per month

Homeownership Rate

Homeownership
Owners 43.67
Renters 56.33
Vacant 17.29

Housing Market Details

 

Age of Homes

AGE OF Pocomoke City HOMES
2000 or Newer 10.7
1970 - 1999 38.1
1940 - 1969 31.0
1939 or Older 20.2

Types of Homes

TYPE OF Pocomoke City HOMES
Single-Family 69.6
Townhomes 3.2
Small Apt. Buildings 5.1
Apt. Complexes 22.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pocomoke City HOMES
No Bedroom 1.07
1 Bedroom 15.61
2 Bedrooms 24.65
3 Bedrooms 42.78
4 Bedrooms 11.06
5 or more bedrooms 4.83

Popular Neighborhoods in Pocomoke City

Zip Codes in Pocomoke City, MD