Sparrows Point, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sparrows Point Neighborhoods Since 2000




Sparrows Point, 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

Sparrows Point Housing Market Information

With a population of 8,782, 1,092 total housing units (homes and apartments), and a median house value of $90,727, house prices in Sparrows Point are some of the most affordable in Maryland as well as the nation.

Single-family detached homes are the single most common housing type in Sparrows Point, accounting for 81.47% of the town's housing units. Other types of housing that are prevalent in Sparrows Point include row houses and other attached homes ( 6.77%), mobile homes or trailers ( 5.41%), and a few large apartment complexes or high rise apartments ( 4.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sparrows Point. Owner-occupied housing accounts for 83.53% of Sparrows Point's homes, and 65.57% have either three or four bedrooms, which is average sized relative to America.

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. Sparrows Point's housing was primarily built during this period, from the '40s through the '60s. A full 41.25% of the town's housing hails from this era. Other housing ages represented in Sparrows Point include homes built between 1970-1999 ( 29.30%) and housing constructed before 1939 ( 16.24%). There's also some housing in Sparrows Point built between 2000 and later ( 13.21%).

Sparrows Point Home Appreciation Rates

Appreciation rates for homes in Sparrows Point have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.28%, which ranks in the top 30% nationwide. This equates to an annual average Sparrows Point house appreciation rate of 0.89%.

Over the last year, Sparrows Point appreciation rates have trailed the rest of the nation. In the last twelve months, Sparrows Point's appreciation rate has been 2.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sparrows Point were at 0.56%, which equates to an annual appreciation rate of 2.24%.

Relative to Maryland, our data show that Sparrows Point's latest annual appreciation rate is higher than 50% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$90,727

Sparrows Point, MD HOME PRICES

Value Range
> $1,060,000 0.6
$795,001 - $1,060,000 0.7
$530,001 - $795,000 0.2
$424,001 - $530,000 0.9
$318,001 - $424,000 1.8
$212,001 - $318,000 7.5
$106,001 - $212,000 31.9
$53,001 - $106,000 39.8
$0 - $53,000 16.8

Very Low for MD
Very Low for Nation

Value Relative to Nation Value Relative to State
83.4905660377358 97.3282442748092

Number Of Homes And Apartments:
1,092

Sparrows Point 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
50.22% 2.39% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$735 / per month

Homeownership Rate

Homeownership
Owners 83.53
Renters 16.47
Vacant 7.69

Housing Market Details

 

Age of Homes

AGE OF Sparrows Point HOMES
2000 or Newer 13.2
1970 - 1999 29.3
1940 - 1969 41.3
1939 or Older 16.2

Types of Homes

TYPE OF Sparrows Point HOMES
Single-Family 81.5
Townhomes 6.8
Small Apt. Buildings 1.4
Apt. Complexes 4.9
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Sparrows Point HOMES
No Bedroom 0.32
1 Bedroom 5.71
2 Bedrooms 22.59
3 Bedrooms 48.47
4 Bedrooms 17.10
5 or more bedrooms 5.81