Port Deposit, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Port Deposit Neighborhoods Since 2000




Port Deposit, 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

Port Deposit Housing Market Information

With a population of 659, 224 total housing units (homes and apartments), and a median house value of $268,782, Port Deposit real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Port Deposit, accounting for 38.11% of the town's housing units. Other types of housing that are prevalent in Port Deposit include single-family detached homes ( 26.49%), row houses and other attached homes ( 19.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 13.78%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

People in Port Deposit primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Port Deposit has a mixture of owner-occupied and renter-occupied housing.

The housing in Port Deposit was primarily built before 1939 ( 43.51%), making the housing stock in Port Deposit some of the oldest overall in America, although there is a range of ages of homes in Port Deposit. The next most important housing age is between 1970-1999 ( 34.05%), followed by between 1940-1969 ( 11.89%). There's also some housing in Port Deposit built between 2000 and later ( 10.54%).

Vacant housing appears to be an issue in Port Deposit. Fully 39.46% of the housing stock is classified as vacant. Left unchecked, vacant Port Deposit homes and apartments can be a drag on the real estate market, holding Port Deposit 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.

Port Deposit Home Appreciation Rates

Port Deposit's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Port Deposit during the period has been just -1.78%, which is lower than 80% of US communities.

Appreciation rates are so strong in Port Deposit that despite a nationwide downturn in the housing market, Port Deposit real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Deposit appreciation rates continue to be some of the highest in America, at 8.42%, which is higher than appreciation rates in 88.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Deposit. Port Deposit appreciation rates in the latest quarter were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$268,782

Port Deposit, MD HOME PRICES

Value Range
> $1,092,000 0.0
$819,001 - $1,092,000 0.0
$546,001 - $819,000 3.4
$437,001 - $546,000 11.9
$328,001 - $437,000 15.7
$218,001 - $328,000 33.4
$109,001 - $218,000 15.3
$55,001 - $109,000 4.2
$0 - $55,000 16.1

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
19.9460916442049 59.1603053435115

Number Of Homes And Apartments:
224

Port Deposit 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
54.84% 2.57% 4 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,029 / per month

Homeownership Rate

Homeownership
Owners 43.91
Renters 56.09
Vacant 39.46

Housing Market Details

 

Age of Homes

AGE OF Port Deposit HOMES
2000 or Newer 10.5
1970 - 1999 34.1
1940 - 1969 11.9
1939 or Older 43.5

Types of Homes

TYPE OF Port Deposit HOMES
Single-Family 26.5
Townhomes 19.2
Small Apt. Buildings 13.8
Apt. Complexes 38.1
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Port Deposit HOMES
No Bedroom 0.00
1 Bedroom 18.65
2 Bedrooms 42.16
3 Bedrooms 27.57
4 Bedrooms 8.65
5 or more bedrooms 2.97