Upper Marlboro, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Upper Marlboro, 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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Upper Marlboro Housing Market Information

With a population of 669, 310 total housing units (homes and apartments), and a median house value of $334,711, Upper Marlboro real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Upper Marlboro, accounting for 53.73% of the town's housing units. Other types of housing that are prevalent in Upper Marlboro include row houses and other attached homes ( 43.58%), large apartment complexes or high rise apartments ( 2.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Upper Marlboro. Owner-occupied housing accounts for 79.03% of Upper Marlboro's homes, and 60.00% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Upper Marlboro 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 Upper Marlboro built between 1940-1969 ( 14.93%). A lesser amount of the housing stock also hails from before 1939 ( 10.45%). There's also some housing in Upper Marlboro built between 2000 and later ( 5.07%).

Upper Marlboro Home Appreciation Rates

Homes have actually lost value in Upper Marlboro over the last then years, as home values have seen a decline of 17.65% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Upper Marlboro home appreciation rates at 1.36%, which equates to an annual appreciation rate of 5.56%.

Over the last year, Upper Marlboro appreciation rates have trailed the rest of the nation. In the last twelve months, Upper Marlboro's appreciation rate has been 3.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Upper Marlboro were at 1.36%, which equates to an annual appreciation rate of 5.56%.

Relative to Maryland, our data show that Upper Marlboro's latest annual appreciation rate is lower 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 Upper Marlboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Upper Marlboro - 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 Upper Marlboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$334,711

Upper Marlboro, MD HOME PRICES

Value Range
> $1,182,000 0.6
$886,001 - $1,182,000 3.3
$591,001 - $886,000 10.0
$473,001 - $591,000 9.3
$355,001 - $473,000 23.0
$237,001 - $355,000 31.4
$118,001 - $237,000 20.8
$59,001 - $118,000 0.0
$0 - $59,000 1.6

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
15.4686131386861 42.8571428571429

Number Of Homes And Apartments:
310

Upper Marlboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
65.32% 2.75%
4
7
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$2,340 / per month

Homeownership Rate

Homeownership
Owners 79.03
Renters 20.97
Vacant 7.46

Housing Market Details

 

Age of Homes

AGE OF Upper Marlboro HOMES
2000 or Newer 5.1
1970 - 1999 69.6
1940 - 1969 14.9
1939 or Older 10.4

Types of Homes

TYPE OF Upper Marlboro HOMES
Single-Family 53.7
Townhomes 43.6
Small Apt. Buildings 0.6
Apt. Complexes 2.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Upper Marlboro HOMES
No Bedroom 0.00
1 Bedroom 1.49
2 Bedrooms 37.31
3 Bedrooms 46.87
4 Bedrooms 13.13
5 or more bedrooms 1.19