Seat Pleasant, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Seat Pleasant, 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

Seat Pleasant Housing Market Information

With a population of 4,780, 1,650 total housing units (homes and apartments), and a median house value of $214,359, Seat Pleasant real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Seat Pleasant, accounting for 44.87% of the city's housing units. Other types of housing that are prevalent in Seat Pleasant include row houses and other attached homes ( 34.56%), large apartment complexes or high rise apartments ( 16.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.17%).

The most prevalent building size and type in Seat Pleasant are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.28% owning and 44.72% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Seat Pleasant's housing was primarily built during this period, from the '40s through the '60s. A full 64.53% of the city's housing hails from this era. Other housing ages represented in Seat Pleasant include homes built between 1970-1999 ( 23.88%) and housing constructed before 1939 ( 6.62%). There's also some housing in Seat Pleasant built between 2000 and later ( 4.97%).

Vacant housing appears to be an issue in Seat Pleasant. Fully 11.86% of the housing stock is classified as vacant. Left unchecked, vacant Seat Pleasant homes and apartments can be a drag on the real estate market, holding Seat Pleasant 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.

Seat Pleasant Home Appreciation Rates

Homes have actually lost value in Seat Pleasant over the last then years, as home values have seen a decline of 24.40% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Seat Pleasant home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Appreciation rates are so strong in Seat Pleasant that despite a nationwide downturn in the housing market, Seat Pleasant real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seat Pleasant appreciation rates continue to be some of the highest in America, at 7.94%, which is higher than appreciation rates in 86.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seat Pleasant. Seat Pleasant appreciation rates in the latest quarter were at -0.17%, which equates to an annual appreciation rate of -0.70%.

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

Average Home Values

 

Median Home Value:
$214,359

Seat Pleasant, MD HOME PRICES

Value Range
> $1,223,000 0.8
$917,001 - $1,223,000 2.4
$612,001 - $917,000 0.3
$489,001 - $612,000 0.1
$367,001 - $489,000 3.1
$245,001 - $367,000 30.6
$122,001 - $245,000 48.3
$61,001 - $122,000 8.6
$0 - $61,000 5.9

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
28.8702683698582 75.1908396946565

Number Of Homes And Apartments:
1,650

Seat Pleasant 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
62.60% 2.86% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,350 / per month

Homeownership Rate

Homeownership
Owners 55.28
Renters 44.72
Vacant 11.86

Housing Market Details

 

Age of Homes

AGE OF Seat Pleasant HOMES
2000 or Newer 5.0
1970 - 1999 23.9
1940 - 1969 64.5
1939 or Older 6.6

Types of Homes

TYPE OF Seat Pleasant HOMES
Single-Family 44.9
Townhomes 34.6
Small Apt. Buildings 4.2
Apt. Complexes 16.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Seat Pleasant HOMES
No Bedroom 0.43
1 Bedroom 7.96
2 Bedrooms 24.41
3 Bedrooms 34.51
4 Bedrooms 22.76
5 or more bedrooms 9.94

Popular Neighborhoods in Seat Pleasant

Zip Codes in Seat Pleasant, MD