Potomac, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Potomac, 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

Potomac Housing Market Information

With 47,448 people, 16,142 houses or apartments, and a median cost of homes of $1,054,203, Potomac house prices are not only among the most expensive in Maryland, Potomac real estate also is some of the most expensive in all of America.

Potomac is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Potomac than is found in 98% of the communities in America.

The large homes that make up Potomac are primarily owner-occupied ( 86.26%).

There is a lot of housing in Potomac 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 Potomac built between 1940-1969 ( 31.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.05%). There's also some housing in Potomac built before 1939 ( 1.09%).

Potomac Home Appreciation Rates

Appreciation rates for homes in Potomac have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.54%, which ranks in the top 50% nationwide. This equates to an annual average Potomac house appreciation rate of 0.05%.

Over the last year, Potomac appreciation rates have trailed the rest of the nation. In the last twelve months, Potomac's appreciation rate has been 1.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Potomac were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Potomac's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Potomac differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Potomac - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Potomac real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,054,203

Potomac, MD HOME PRICES

Value Range
> $1,068,000 35.7
$801,001 - $1,068,000 30.0
$534,001 - $801,000 24.0
$427,001 - $534,000 2.2
$320,001 - $427,000 1.8
$214,001 - $320,000 3.0
$107,001 - $214,000 2.0
$53,001 - $107,000 0.3
$0 - $53,000 1.0

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
0.93167701863354 1.90839694656489

Number Of Homes And Apartments:
16,142

Potomac 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
82.43% 3.55% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,698 / per month

Homeownership Rate

Homeownership
Owners 86.26
Renters 13.74
Vacant 3.72

Housing Market Details

 

Age of Homes

AGE OF Potomac HOMES
2000 or Newer 5.0
1970 - 1999 62.2
1940 - 1969 31.7
1939 or Older 1.1

Types of Homes

TYPE OF Potomac HOMES
Single-Family 73.9
Townhomes 16.1
Small Apt. Buildings 0.5
Apt. Complexes 9.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Potomac HOMES
No Bedroom 0.13
1 Bedroom 4.96
2 Bedrooms 5.81
3 Bedrooms 16.92
4 Bedrooms 38.65
5 or more bedrooms 33.53