Rising Sun, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rising Sun Neighborhoods Since 2000




Rising Sun, 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

Rising Sun Housing Market Information

With a population of 2,859, 997 total housing units (homes and apartments), and a median house value of $241,899, 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 46.81% of the town's housing units. Other types of housing that are prevalent in Rising Sun include large apartment complexes or high rise apartments ( 24.91%), row houses and other attached homes ( 13.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.41%).

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 54.86% owning and 45.14% 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 ( 24.27%). A lesser amount of the housing stock also hails from before 1939 ( 13.87%). There's also some housing in Rising Sun built between 1940-1969 ( 12.86%).

Rising Sun Home Appreciation Rates

Homes have actually lost value in Rising Sun over the last then years, as home values have seen a decline of 21.24% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Rising Sun home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

NeighborhoodScout's data show that during the latest twelve months, Rising Sun's appreciation rate, at 3.16%, has been at or slightly above the national average. In the latest quarter, Rising Sun's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

Relative to Maryland, our data show that Rising Sun's latest annual appreciation rate is higher than 60% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$241,899

Rising Sun, MD HOME PRICES

Value Range
> $1,047,000 0.7
$785,001 - $1,047,000 0.0
$523,001 - $785,000 0.0
$419,001 - $523,000 2.3
$314,001 - $419,000 17.5
$209,001 - $314,000 49.0
$105,001 - $209,000 24.6
$52,001 - $105,000 1.2
$0 - $52,000 4.7

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
23.7724129848822 68.7022900763359

Number Of Homes And Apartments:
997

Rising Sun 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
44.35% 2.15% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,178 / per month

Homeownership Rate

Homeownership
Owners 54.86
Renters 45.14
Vacant 9.03

Housing Market Details

 

Age of Homes

AGE OF Rising Sun HOMES
2000 or Newer 24.3
1970 - 1999 49.0
1940 - 1969 12.9
1939 or Older 13.9

Types of Homes

TYPE OF Rising Sun HOMES
Single-Family 46.8
Townhomes 13.4
Small Apt. Buildings 11.4
Apt. Complexes 24.9
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Rising Sun HOMES
No Bedroom 2.19
1 Bedroom 19.34
2 Bedrooms 11.86
3 Bedrooms 48.36
4 Bedrooms 15.69
5 or more bedrooms 2.55