Snow Hill, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Snow Hill, MD Real Estate Data


Snow Hill Housing Market Information

With a population of 2,086, 912 total housing units (homes and apartments), and a median house value of $126,081, house prices in Snow Hill are solidly below the national average.

Single-family detached homes are the single most common housing type in Snow Hill, accounting for 82.85% of the town's housing units. Other types of housing that are prevalent in Snow Hill include large apartment complexes or high rise apartments ( 10.56%), row houses and other attached homes ( 3.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.20%).

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 53.87% owning and 46.13% renting.

The housing in Snow Hill was primarily built before 1939 ( 32.42%), making the housing stock in Snow Hill some of the oldest overall in America, although there is a range of ages of homes in Snow Hill. The next most important housing age is between 1940-1969 ( 31.39%), followed by between 1970-1999 ( 26.58%). There's also some housing in Snow Hill built between 2000 and later ( 9.61%).

Vacant housing appears to be an issue in Snow Hill. Fully 14.04% 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

Homes have actually lost value in Snow Hill over the last then years, as home values have seen a decline of 28.86% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Snow Hill home appreciation rates at -0.43%, which equates to an annual appreciation rate of -1.69%.

NeighborhoodScout's data show that during the latest twelve months, Snow Hill's appreciation rate, at 4.75%, has been at or slightly above the national average. In the latest quarter, Snow Hill's appreciation rate has been -0.43%, which annualizes to a rate of -1.69%.

Notably, Snow Hill's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$126,081

Snow Hill, MD HOME PRICES

Value Range
> $1,042,000 0.0
$782,001 - $1,042,000 0.0
$521,001 - $782,000 1.4
$417,001 - $521,000 1.3
$313,001 - $417,000 4.8
$208,001 - $313,000 20.4
$104,001 - $208,000 31.7
$52,001 - $104,000 31.8
$0 - $52,000 8.6

Very Low for MD
Low for Nation

Value Relative to Nation Value Relative to State
63.0965626280963 92.3954372623574

Number Of Homes And Apartments:
912

Rent & Ownership

 

Average Market Rent:
$795 / per month

Homeownership Rate

Homeownership
Owners 53.87
Renters 46.13
Vacant 14.04

Housing Market Details

 

Age of Homes

AGE OF Snow Hill HOMES
2000 or Newer 9.6
1970 - 1999 26.6
1940 - 1969 31.4
1939 or Older 32.4

Types of Homes

TYPE OF Snow Hill HOMES
Single-Family 82.8
Townhomes 3.4
Small Apt. Buildings 3.2
Apt. Complexes 10.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Snow Hill HOMES
No Bedroom 0.00
1 Bedroom 9.33
2 Bedrooms 24.41
3 Bedrooms 44.96
4 Bedrooms 16.68
5 or more bedrooms 4.62

Snow Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
41.48% 2.06% 2 5
* 10 is highest

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