Princess Anne, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Princess Anne Neighborhoods Since 2000




Princess Anne, 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

Princess Anne Housing Market Information

With 3,303 people, 1,508 houses or apartments, and a median cost of homes of $192,205, Princess Anne real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Princess Anne, accounting for 42.53% of the town's housing units. Other types of housing that are prevalent in Princess Anne include row houses and other attached homes ( 21.32%), large apartment complexes or high rise apartments ( 20.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 15.62%).

People in Princess Anne primarily live in small (one, two or no bedroom) single-family detached homes. Princess Anne has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Princess Anne 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 Princess Anne built between 2000 and later ( 23.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.23%). There's also some housing in Princess Anne built before 1939 ( 15.74%).

Vacant housing appears to be an issue in Princess Anne. Fully 14.95% of the housing stock is classified as vacant. Left unchecked, vacant Princess Anne homes and apartments can be a drag on the real estate market, holding Princess Anne 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.

Princess Anne Home Appreciation Rates

Homes have actually lost value in Princess Anne over the last then years, as home values have seen a decline of 25.17% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Princess Anne home appreciation rates at -0.31%, which equates to an annual appreciation rate of -1.24%.

Over the last year, Princess Anne appreciation rates have trailed the rest of the nation. In the last twelve months, Princess Anne's appreciation rate has been -2.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Princess Anne were at -0.31%, which equates to an annual appreciation rate of -1.24%.

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

Average Home Values

 

Median Home Value:
$192,205

Princess Anne, MD HOME PRICES

Value Range
> $1,018,000 0.3
$764,001 - $1,018,000 3.0
$509,001 - $764,000 7.8
$407,001 - $509,000 1.9
$305,001 - $407,000 13.8
$204,001 - $305,000 15.6
$102,001 - $204,000 34.0
$51,001 - $102,000 16.5
$0 - $51,000 7.0

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
34.2259463260284 79.0076335877863

Number Of Homes And Apartments:
1,508

Princess Anne 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
22.17% 1.17% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$876 / per month

Homeownership Rate

Homeownership
Owners 35.26
Renters 64.74
Vacant 14.95

Housing Market Details

 

Age of Homes

AGE OF Princess Anne HOMES
2000 or Newer 23.1
1970 - 1999 42.0
1940 - 1969 19.2
1939 or Older 15.7

Types of Homes

TYPE OF Princess Anne HOMES
Single-Family 42.5
Townhomes 21.3
Small Apt. Buildings 15.6
Apt. Complexes 20.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Princess Anne HOMES
No Bedroom 1.58
1 Bedroom 14.83
2 Bedrooms 37.56
3 Bedrooms 41.34
4 Bedrooms 4.68
5 or more bedrooms 0.00

Popular Neighborhoods in Princess Anne

Zip Codes in Princess Anne, MD