Taneytown, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Taneytown Neighborhoods Since 2000




Taneytown, 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

Taneytown Housing Market Information

With a population of 6,746, 2,453 total housing units (homes and apartments), and a median house value of $267,806, Taneytown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Taneytown, accounting for 71.16% of the city's housing units. Other types of housing that are prevalent in Taneytown include row houses and other attached homes ( 23.67%), duplexes, homes converted to apartments or other small apartment buildings ( 2.64%), and a few large apartment complexes or high rise apartments ( 1.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Taneytown. Owner-occupied housing accounts for 75.49% of Taneytown's homes, and 68.08% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Taneytown 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 Taneytown built between 2000 and later ( 28.80%). A lesser amount of the housing stock also hails from before 1939 ( 13.45%). There's also some housing in Taneytown built between 1940-1969 ( 9.70%).

Taneytown Home Appreciation Rates

Homes have actually lost value in Taneytown over the last then years, as home values have seen a decline of 23.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Taneytown home appreciation rates at -0.51%, which equates to an annual appreciation rate of -2.03%.

Appreciation rates are so strong in Taneytown that despite a nationwide downturn in the housing market, Taneytown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Taneytown appreciation rates continue to be some of the highest in America, at 5.84%, which is higher than appreciation rates in 72.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Taneytown. Taneytown appreciation rates in the latest quarter were at -0.51%, which equates to an annual appreciation rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$267,806

Taneytown, MD HOME PRICES

Value Range
> $1,080,000 0.0
$810,001 - $1,080,000 0.5
$540,001 - $810,000 2.0
$431,001 - $540,000 3.0
$324,001 - $431,000 20.4
$216,001 - $324,000 50.1
$108,001 - $216,000 20.1
$54,001 - $108,000 0.4
$0 - $54,000 3.6

Average for MD
High for Nation

Value Relative to Nation Value Relative to State
20.0691433259112 59.5419847328244

Number Of Homes And Apartments:
2,453

Taneytown 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
42.92% 2.09% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,359 / per month

Homeownership Rate

Homeownership
Owners 75.49
Renters 24.51
Vacant 8.84

Housing Market Details

 

Age of Homes

AGE OF Taneytown HOMES
2000 or Newer 28.8
1970 - 1999 48.0
1940 - 1969 9.7
1939 or Older 13.5

Types of Homes

TYPE OF Taneytown HOMES
Single-Family 71.2
Townhomes 23.7
Small Apt. Buildings 2.6
Apt. Complexes 1.8
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Taneytown HOMES
No Bedroom 0.00
1 Bedroom 2.86
2 Bedrooms 23.37
3 Bedrooms 49.09
4 Bedrooms 18.99
5 or more bedrooms 5.69