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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 8,254, 3,101 total housing units (homes and apartments), and a median house value of $293,750, 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 65.61% of the town's housing units. Other types of housing that are prevalent in Temple Hills include single-family detached homes ( 22.49%), row houses and other attached homes ( 9.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.06%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Temple Hills is dominated by renter-occupied one, two, or no bedrooms apartments. 70.35% 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 ( 36.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.09%). There's also some housing in Temple Hills built before 1939 ( 1.20%).
Vacant housing appears to be an issue in Temple Hills. Fully 11.27% 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.
Homes have actually lost value in Temple Hills over the last then years, as home values have seen a decline of 26.33% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Temple Hills home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.
NeighborhoodScout's data show that during the latest twelve months, Temple Hills's appreciation rate, at 3.95%, has been at or slightly above the national average. In the latest quarter, Temple Hills's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.
Relative to Maryland, our data show that Temple Hills's latest annual appreciation rate is higher than 70% 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.
|$882,001 - $1,175,000||0.0|
|$588,001 - $882,000||1.1|
|$470,001 - $588,000||2.9|
|$352,001 - $470,000||14.2|
|$235,001 - $352,000||47.8|
|$118,001 - $235,000||27.3|
|$59,001 - $118,000||2.8|
|$0 - $59,000||3.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Temple Hills HOMES|
|2000 or Newer||5.1|
|1970 - 1999||57.1|
|1940 - 1969||36.6|
|1939 or Older||1.2|
|TYPE OF Temple Hills HOMES|
|Small Apt. Buildings||2.1|
|SIZE OF Temple Hills HOMES|
|5 or more bedrooms||1.06|