Reisterstown, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Reisterstown, 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

Reisterstown Housing Market Information

With a population of 26,599, 10,193 total housing units (homes and apartments), and a median house value of $230,048, 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 40.83% of the town's housing units. Other types of housing that are prevalent in Reisterstown include large apartment complexes or high rise apartments ( 28.49%), row houses and other attached homes ( 27.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.65%).

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 55.70% owning and 44.30% 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 ( 30.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.28%). There's also some housing in Reisterstown built before 1939 ( 3.97%).

Reisterstown Home Appreciation Rates

Homes have actually lost value in Reisterstown over the last then years, as home values have seen a decline of 21.11% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Reisterstown home appreciation rates at -0.51%, which equates to an annual appreciation rate of -2.03%.

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 0.79%, 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 -0.51%, which equates to an annual appreciation rate of -2.03%.

Relative to Maryland, our data show that Reisterstown's latest annual appreciation rate is lower than 80% 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:
$230,048

Reisterstown, MD HOME PRICES

Value Range
> $1,040,000 0.0
$780,001 - $1,040,000 0.1
$520,001 - $780,000 4.8
$416,001 - $520,000 7.0
$312,001 - $416,000 11.2
$208,001 - $312,000 44.4
$104,001 - $208,000 25.6
$52,001 - $104,000 5.0
$0 - $52,000 1.8

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
25.7998359310911 71.7557251908397

Number Of Homes And Apartments:
10,193

Reisterstown 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
56.01% 2.61% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,535 / per month

Homeownership Rate

Homeownership
Owners 55.70
Renters 44.30
Vacant 5.45

Housing Market Details

 

Age of Homes

AGE OF Reisterstown HOMES
2000 or Newer 13.3
1970 - 1999 51.9
1940 - 1969 30.9
1939 or Older 4.0

Types of Homes

TYPE OF Reisterstown HOMES
Single-Family 40.8
Townhomes 27.9
Small Apt. Buildings 2.7
Apt. Complexes 28.5
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Reisterstown HOMES
No Bedroom 0.36
1 Bedroom 12.05
2 Bedrooms 29.48
3 Bedrooms 38.53
4 Bedrooms 17.08
5 or more bedrooms 2.50