Stevensville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Stevensville, MD Real Estate Data


Stevensville Housing Market Information

With 6,930 people, 2,135 houses or apartments, and a median cost of homes of $396,347, real estate costs in Stevensville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Stevensville, accounting for 86.16% of the town's housing units. Other types of housing that are prevalent in Stevensville include row houses and other attached homes ( 8.32%), duplexes, homes converted to apartments or other small apartment buildings ( 3.06%), and a few large apartment complexes or high rise apartments ( 2.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Stevensville. Owner-occupied housing accounts for 90.35% of Stevensville's homes, and 80.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Stevensville 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 Stevensville built between 2000 and later ( 16.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.31%). There's also some housing in Stevensville built before 1939 ( 3.90%).

Stevensville Home Appreciation Rates

Stevensville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Stevensville during the period has been just -1.32%, which is lower than 80% of US communities.

Over the last year, Stevensville appreciation rates have trailed the rest of the nation. In the last twelve months, Stevensville's appreciation rate has been 3.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stevensville were at 1.10%, which equates to an annual appreciation rate of 4.48%.

Relative to Maryland, our data show that Stevensville's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$396,347

Stevensville, MD HOME PRICES

Value Range
> $1,071,000 3.9
$803,001 - $1,071,000 5.6
$535,001 - $803,000 10.9
$428,001 - $535,000 18.1
$321,001 - $428,000 28.1
$214,001 - $321,000 26.4
$107,001 - $214,000 5.6
$53,001 - $107,000 0.6
$0 - $53,000 0.8

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
9.85536101188733 26.2357414448669

Number Of Homes And Apartments:
2,135

Rent & Ownership

 

Average Market Rent:
$1,490 / per month

Homeownership Rate

Homeownership
Owners 90.35
Renters 9.65
Vacant 9.38

Housing Market Details

 

Age of Homes

AGE OF Stevensville HOMES
2000 or Newer 16.1
1970 - 1999 69.7
1940 - 1969 10.3
1939 or Older 3.9

Types of Homes

TYPE OF Stevensville HOMES
Single-Family 86.2
Townhomes 8.3
Small Apt. Buildings 3.1
Apt. Complexes 2.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Stevensville HOMES
No Bedroom 0.00
1 Bedroom 1.32
2 Bedrooms 13.88
3 Bedrooms 48.98
4 Bedrooms 31.45
5 or more bedrooms 4.37

Stevensville 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
74.71% 3.34% 7 9
* 10 is highest