Port Deposit, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Port Deposit Neighborhoods Since 2000




Port Deposit, MD Real Estate Data


Port Deposit Housing Market Information

With 659 people, 264 houses or apartments, and a median cost of homes of $247,736, 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 36.32% of the town's housing units. Other types of housing that are prevalent in Port Deposit include single-family detached homes ( 25.06%), row houses and other attached homes ( 19.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 18.16%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 ( 48.85%), 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 ( 36.06%), followed by between 1940-1969 ( 11.51%). There's also some housing in Port Deposit built between 2000 and later ( 3.58%).

Vacant housing appears to be an issue in Port Deposit. Fully 32.48% 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

Homes have actually lost value in Port Deposit over the last then years, as home values have seen a decline of 19.22% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Port Deposit home appreciation rates at 1.89%, which equates to an annual appreciation rate of 7.76%.

Over the last year, Port Deposit appreciation rates have trailed the rest of the nation. In the last twelve months, Port Deposit's appreciation rate has been 2.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Deposit were at 1.89%, which equates to an annual appreciation rate of 7.76%.

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

Average Home Values

 

Median Home Value:
$247,736

Port Deposit, MD HOME PRICES

Value Range
> $1,016,000 0.9
$762,001 - $1,016,000 0.0
$507,001 - $762,000 6.8
$406,001 - $507,000 9.2
$305,001 - $406,000 16.8
$203,001 - $305,000 31.2
$102,001 - $203,000 14.5
$51,001 - $102,000 6.0
$0 - $51,000 14.7

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
23.558001990982 66.1596958174905

Number Of Homes And Apartments:
264

Rent & Ownership

 

Average Market Rent:
$1,030 / per month

Homeownership Rate

Homeownership
Owners 42.86
Renters 57.14
Vacant 32.48

Housing Market Details

 

Age of Homes

AGE OF Port Deposit HOMES
2000 or Newer 3.6
1970 - 1999 36.1
1940 - 1969 11.5
1939 or Older 48.8

Types of Homes

TYPE OF Port Deposit HOMES
Single-Family 25.1
Townhomes 19.4
Small Apt. Buildings 18.2
Apt. Complexes 36.3
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Port Deposit HOMES
No Bedroom 0.00
1 Bedroom 19.18
2 Bedrooms 37.85
3 Bedrooms 29.92
4 Bedrooms 8.18
5 or more bedrooms 4.86

Port Deposit Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
48.01% 2.33% 3 6
* 10 is highest