Thurmont, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Thurmont Neighborhoods Since 2000




Thurmont, 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

Thurmont Housing Market Information

With a population of 6,454, 2,608 total housing units (homes and apartments), and a median house value of $269,196, Thurmont real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Thurmont, accounting for 68.37% of the town's housing units. Other types of housing that are prevalent in Thurmont include row houses and other attached homes ( 14.06%), large apartment complexes or high rise apartments ( 12.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Thurmont. Owner-occupied housing accounts for 71.66% of Thurmont's homes, and 66.00% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Thurmont 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 Thurmont built between 1940-1969 ( 17.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.09%). There's also some housing in Thurmont built before 1939 ( 14.17%).

Thurmont Home Appreciation Rates

Homes have actually lost value in Thurmont over the last then years, as home values have seen a decline of 19.46% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Thurmont 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, Thurmont's appreciation rate, at 3.19%, has been at or slightly above the national average. In the latest quarter, Thurmont's appreciation rate has been -0.17%, which annualizes to a rate of -0.70%.

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

Average Home Values

 

Median Home Value:
$269,196

Thurmont, MD HOME PRICES

Value Range
> $1,105,000 0.8
$829,001 - $1,105,000 0.2
$553,001 - $829,000 2.0
$442,001 - $553,000 3.8
$332,001 - $442,000 14.9
$221,001 - $332,000 42.8
$110,001 - $221,000 30.4
$55,001 - $110,000 1.6
$0 - $55,000 3.4

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
19.8581975858432 58.7786259541985

Number Of Homes And Apartments:
2,608

Thurmont 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
52.72% 2.49% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,078 / per month

Homeownership Rate

Homeownership
Owners 71.66
Renters 28.34
Vacant 3.51

Housing Market Details

 

Age of Homes

AGE OF Thurmont HOMES
2000 or Newer 15.1
1970 - 1999 53.6
1940 - 1969 17.2
1939 or Older 14.2

Types of Homes

TYPE OF Thurmont HOMES
Single-Family 68.4
Townhomes 14.1
Small Apt. Buildings 4.7
Apt. Complexes 12.2
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Thurmont HOMES
No Bedroom 0.00
1 Bedroom 2.81
2 Bedrooms 25.19
3 Bedrooms 48.43
4 Bedrooms 17.57
5 or more bedrooms 5.99