Temple Hills, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Temple Hills, MD Housing Market Trends

With 8,254 people, 3,051 houses or apartments, and a median cost of homes of $307,168, Temple Hills real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Temple Hills, accounting for 68.58% of the town's housing units. Other types of housing that are prevalent in Temple Hills include single-family detached homes ( 24.21%), row houses and other attached homes ( 5.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.99%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Temple Hills is dominated by renter-occupied one, two, or no bedrooms apartments. 70.04% of Temple Hills's dwellings are rentals.

There is a lot of housing in Temple Hills 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 Temple Hills built between 1940-1969 ( 33.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.56%).

Vacant housing appears to be an issue in Temple Hills. Fully 13.10% of the housing stock is classified as vacant. Left unchecked, vacant Temple Hills homes and apartments can be a drag on the real estate market, holding Temple Hills 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.

Temple Hills Home Appreciation Rates

Appreciation rates for homes in Temple Hills have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 44.94%, which ranks in the top 30% nationwide. This equates to an annual average Temple Hills house appreciation rate of 3.78%.

Over the last year, Temple Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Temple Hills's appreciation rate has been 4.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Temple Hills were at 1.46%, which equates to an annual appreciation rate of 5.98%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Temple Hills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Temple Hills - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Temple Hills real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$307,168

Temple Hills, MD HOME PRICES

> $1,183,000
0.0%
0.0%
$888,001 - $1,183,000
0.0%
0.0%
$592,001 - $888,000
0.8%
0.8%
$474,001 - $592,000
5.3%
5.3%
$355,001 - $474,000
23.7%
23.7%
$236,001 - $355,000
49.5%
49.5%
$118,001 - $236,000
12.9%
12.9%
$59,001 - $118,000
4.6%
4.6%
$0 - $59,000
3.2%
3.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for MD

Value Relative To Nation

Number Of Homes And Apartments:
3,051

Temple Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
89.91% 3.10%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,956 / per month

Homeownership Rate

Owners
30.0%
30.0%
Renters
70.0%
70.0%
Vacant
13.1%
13.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.6%
4.6%
1970 - 1999
61.9%
61.9%
1940 - 1969
33.1%
33.1%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
24.2%
24.2%
Townhomes
5.2%
5.2%
Small Apt. Buildings
2.0%
2.0%
Apt. Complexes
68.6%
68.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.3%
4.3%
1 Bedroom
23.6%
23.6%
2 Bedrooms
31.2%
31.2%
3 Bedrooms
27.0%
27.0%
4 Bedrooms
12.0%
12.0%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES