Reisterstown, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Reisterstown, MD Real Estate Data


Reisterstown Housing Market Information

With a population of 26,599, 10,094 total housing units (homes and apartments), and a median house value of $254,881, Reisterstown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Reisterstown, accounting for 39.24% of the town's housing units. Other types of housing that are prevalent in Reisterstown include large apartment complexes or high rise apartments ( 29.75%), row houses and other attached homes ( 27.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.65%).

The most prevalent building size and type in Reisterstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.37% owning and 44.63% renting.

There is a lot of housing in Reisterstown 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 Reisterstown built between 1940-1969 ( 29.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.84%). There's also some housing in Reisterstown built before 1939 ( 3.91%).

Reisterstown Home Appreciation Rates

Reisterstown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Reisterstown during the period has been just -1.95%, which is lower than 80% of US communities.

Over the last year, Reisterstown appreciation rates have trailed the rest of the nation. In the last twelve months, Reisterstown's appreciation rate has been 3.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Reisterstown were at 1.10%, which equates to an annual appreciation rate of 4.48%.

Relative to Maryland, our data show that Reisterstown'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 Reisterstown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Reisterstown - 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 Reisterstown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$254,881

Reisterstown, MD HOME PRICES

Value Range
> $1,077,000 0.0
$808,001 - $1,077,000 0.1
$539,001 - $808,000 4.8
$431,001 - $539,000 6.6
$323,001 - $431,000 11.6
$216,001 - $323,000 46.3
$108,001 - $216,000 23.5
$54,001 - $108,000 5.1
$0 - $54,000 1.9

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
22.3575569479417 62.3574144486692

Number Of Homes And Apartments:
10,094

Rent & Ownership

 

Average Market Rent:
$1,203 / per month

Homeownership Rate

Homeownership
Owners 55.37
Renters 44.63
Vacant 6.64

Housing Market Details

 

Age of Homes

AGE OF Reisterstown HOMES
2000 or Newer 12.8
1970 - 1999 53.4
1940 - 1969 29.9
1939 or Older 3.9

Types of Homes

TYPE OF Reisterstown HOMES
Single-Family 39.2
Townhomes 27.2
Small Apt. Buildings 3.7
Apt. Complexes 29.8
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Reisterstown HOMES
No Bedroom 0.39
1 Bedroom 13.24
2 Bedrooms 30.23
3 Bedrooms 35.68
4 Bedrooms 16.72
5 or more bedrooms 3.75

Reisterstown 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
60.12% 2.81% 5 7
* 10 is highest