Rising Sun, MD Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rising Sun, MD Housing Market Trends

With 2,781 people, 993 houses or apartments, and a median cost of homes of $262,917, Rising Sun real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rising Sun, accounting for 54.14% of the town's housing units. Other types of housing that are prevalent in Rising Sun include large apartment complexes or high rise apartments ( 21.05%), row houses and other attached homes ( 13.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.27%).

The most prevalent building size and type in Rising Sun are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.09% owning and 43.91% renting.

There is a lot of housing in Rising Sun 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 Rising Sun built between 2000 and later ( 30.08%). A lesser amount of the housing stock also hails from before 1939 ( 17.39%). There's also some housing in Rising Sun built between 1940-1969 ( 11.94%).

Rising Sun Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Rising Sun, where house values have increased just 14.93%, which is annualized rate of 1.40%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Rising Sun appreciation rates have trailed the rest of the nation. In the last twelve months, Rising Sun's appreciation rate has been 7.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rising Sun were at 3.46%, which equates to an annual appreciation rate of 14.58%.

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

Average Home Values

 

Median Home Value:
$262,917

Rising Sun, MD HOME PRICES

> $1,149,000
1.4%
1.4%
$862,001 - $1,149,000
0.8%
0.8%
$575,001 - $862,000
2.3%
2.3%
$460,001 - $575,000
1.3%
1.3%
$344,001 - $460,000
11.5%
11.5%
$230,001 - $344,000
52.6%
52.6%
$115,001 - $230,000
22.0%
22.0%
$57,001 - $115,000
0.8%
0.8%
$0 - $57,000
7.3%
7.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
993

Rising Sun Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
67.07% 2.42%
2
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,558 / per month

Homeownership Rate

Owners
56.1%
56.1%
Renters
43.9%
43.9%
Vacant
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
30.1%
30.1%
1970 - 1999
40.6%
40.6%
1940 - 1969
11.9%
11.9%
1939 or Older
17.4%
17.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.1%
54.1%
Townhomes
13.4%
13.4%
Small Apt. Buildings
8.3%
8.3%
Apt. Complexes
21.1%
21.1%
Mobile Homes
3.1%
3.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
15.4%
15.4%
2 Bedrooms
14.4%
14.4%
3 Bedrooms
50.2%
50.2%
4 Bedrooms
12.6%
12.6%
5 or more bedrooms
7.4%
7.4%
0.0% 100.0%
% OF HOMES