Union Bridge, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Union Bridge Neighborhoods Since 2000




Union Bridge, 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

Union Bridge Housing Market Information

With a population of 971, 380 total housing units (homes and apartments), and a median house value of $244,387, Union Bridge real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Union Bridge, accounting for 53.29% of the town's housing units. Other types of housing that are prevalent in Union Bridge include duplexes, homes converted to apartments or other small apartment buildings ( 24.26%), large apartment complexes or high rise apartments ( 11.34%), and a few row houses and other attached homes ( 11.11%).

People in Union Bridge primarily live in small (one, two or no bedroom) single-family detached homes. Union Bridge has a mixture of owner-occupied and renter-occupied housing.

The housing in Union Bridge was primarily built before 1939 ( 63.27%), making the housing stock in Union Bridge some of the oldest overall in America, although there is a range of ages of homes in Union Bridge. The next most important housing age is between 1940-1969 ( 22.00%), followed by between 2000 and later ( 7.48%). There's also some housing in Union Bridge built between 1970-1999 ( 7.26%).

Vacant housing appears to be an issue in Union Bridge. Fully 13.83% of the housing stock is classified as vacant. Left unchecked, vacant Union Bridge homes and apartments can be a drag on the real estate market, holding Union Bridge 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.

Union Bridge Home Appreciation Rates

Homes have actually lost value in Union Bridge over the last then years, as home values have seen a decline of 24.53% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Union Bridge home appreciation rates at -0.51%, which equates to an annual appreciation rate of -2.03%.

NeighborhoodScout's data show that during the latest twelve months, Union Bridge's appreciation rate, at 4.47%, has been at or slightly above the national average. In the latest quarter, Union Bridge's appreciation rate has been -0.51%, which annualizes to a rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$244,387

Union Bridge, MD HOME PRICES

Value Range
> $1,068,000 0.0
$800,001 - $1,068,000 0.9
$533,001 - $800,000 5.9
$427,001 - $533,000 2.6
$320,001 - $427,000 11.9
$214,001 - $320,000 37.0
$107,001 - $214,000 35.2
$54,001 - $107,000 3.9
$0 - $54,000 2.5

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
23.3798195242002 67.175572519084

Number Of Homes And Apartments:
380

Union Bridge 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
49.82% 2.37% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,075 / per month

Homeownership Rate

Homeownership
Owners 49.74
Renters 50.26
Vacant 13.83

Housing Market Details

 

Age of Homes

AGE OF Union Bridge HOMES
2000 or Newer 7.5
1970 - 1999 7.3
1940 - 1969 22.0
1939 or Older 63.3

Types of Homes

TYPE OF Union Bridge HOMES
Single-Family 53.3
Townhomes 11.1
Small Apt. Buildings 24.3
Apt. Complexes 11.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Union Bridge HOMES
No Bedroom 0.45
1 Bedroom 21.77
2 Bedrooms 29.25
3 Bedrooms 25.40
4 Bedrooms 19.05
5 or more bedrooms 4.08