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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Snow Hill, 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Snow Hill, MD Housing Market Trends

With a population of 2,272, 900 total housing units (homes and apartments), and a median house value of $260,905, Snow Hill real estate values are some of the lowest in Maryland, although compared to real estate around the nation, Snow Hill homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Snow Hill, accounting for 81.72% of the town's housing units. Other types of housing that are prevalent in Snow Hill include large apartment complexes or high rise apartments ( 13.29%), duplexes, homes converted to apartments or other small apartment buildings ( 4.11%).

The most prevalent building size and type in Snow Hill are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.29% owning and 39.71% renting.

There is a lot of housing in Snow Hill 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 Snow Hill built before 1939 ( 32.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.89%). There's also some housing in Snow Hill built between 2000 and later ( 13.00%).

Vacant housing appears to be an issue in Snow Hill. Fully 12.02% of the housing stock is classified as vacant. Left unchecked, vacant Snow Hill homes and apartments can be a drag on the real estate market, holding Snow Hill 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.

Snow Hill Home Appreciation Rates

Appreciation rates for homes in Snow Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.13%, which ranks in the top 30% nationwide. This equates to an annual average Snow Hill house appreciation rate of 7.29%.

Appreciation rates are so strong in Snow Hill that despite a nationwide downturn in the housing market, Snow Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Snow Hill appreciation rates continue to be some of the highest in America, at 9.16%, which is higher than appreciation rates in 92.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Snow Hill. Snow Hill appreciation rates in the latest quarter were at 6.79%, which equates to an annual appreciation rate of 30.04%.

Importantly, this makes Snow Hill one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

Median Home Value

$260,905

Snow Hill, MD Home Prices
> $1,412,000
$1,059,001 - $1,412,000
$706,001 - $1,059,000
$565,001 - $706,000
$423,001 - $565,000
$282,001 - $423,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
0.0%
0.0%
0.4%
0.4%
8.2%
8.2%
2.5%
2.5%
1.4%
1.4%
20.5%
20.5%
51.9%
51.9%
11.5%
11.5%
3.7%
3.7%
0% 100.0%
% of Homes
Very Low

for Maryland

Average

for nation

Number of Homes And Apartments:

900

Snow Hill Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,622 / per month

Homeownership Rate

Owners
Renters
60.3%
60.3%
39.7%
39.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.0%
12.0%
88.0%
88.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.0%
13.0%
36.8%
36.8%
17.9%
17.9%
32.4%
32.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.7%
81.7%
0.9%
0.9%
4.1%
4.1%
13.3%
13.3%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
8.5%
8.5%
29.3%
29.3%
33.0%
33.0%
19.0%
19.0%
10.2%
10.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Snow Hill

Zip Codes in Snow Hill, MD