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 about Scout's Real Estate Data
With 621 people, 285 houses or apartments, and a median cost of homes of $383,976, 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 37.14% of the town's housing units. Other types of housing that are prevalent in Port Deposit include single-family detached homes ( 26.15%), row houses and other attached homes ( 18.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 18.24%). 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.
There is a lot of housing in Port Deposit 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 Port Deposit built before 1939 ( 38.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.73%). There's also some housing in Port Deposit built between 1940-1969 ( 7.47%).
Vacant housing appears to be an issue in Port Deposit. Fully 37.36% 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'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 5.14%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Port Deposit's appreciation rate, at 6.29%, has been at or slightly above the national average. In the latest quarter, Port Deposit's appreciation rate has been 0.82%, which annualizes to a rate of 3.32%.
Relative to Maryland, our data show that Port Deposit's latest annual appreciation rate is higher than 50% of the other cities and towns in Maryland.
$383,976
for Maryland
for nation
285
$1,866 / per month