Upper Marlboro, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Upper Marlboro Neighborhoods Since 2000




Upper Marlboro, MD Real Estate Data


Upper Marlboro Housing Market Information

With a population of 667, 301 total housing units (homes and apartments), and a median house value of $328,751, real estate costs in Upper Marlboro are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Row houses and other attached homes are the single most common housing type in Upper Marlboro, accounting for 46.08% of the town's housing units. Other types of housing that are prevalent in Upper Marlboro include single-family detached homes ( 46.08%), large apartment complexes or high rise apartments ( 6.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.57%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Upper Marlboro. Owner-occupied housing accounts for 82.60% of Upper Marlboro's homes, and 57.05% 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 ( 20.06%). A lesser amount of the housing stock also hails from before 1939 ( 10.97%). There's also some housing in Upper Marlboro built between 2000 and later ( 5.02%).

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 27.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Upper Marlboro home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

NeighborhoodScout's data show that during the latest twelve months, Upper Marlboro's appreciation rate, at 5.05%, has been at or slightly above the national average. In the latest quarter, Upper Marlboro's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to Maryland, our data show that Upper Marlboro'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 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:
$328,751

Upper Marlboro, MD HOME PRICES

Value Range
> $1,143,000 0.7
$858,001 - $1,143,000 1.7
$572,001 - $858,000 11.4
$457,001 - $572,000 10.7
$343,001 - $457,000 21.7
$229,001 - $343,000 32.4
$114,001 - $229,000 20.6
$58,001 - $114,000 0.0
$0 - $58,000 0.7

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
14.2413772910933 42.2053231939163

Number Of Homes And Apartments:
301

Rent & Ownership

 

Average Market Rent:
$1,675 / per month

Homeownership Rate

Homeownership
Owners 82.60
Renters 17.40
Vacant 5.64

Housing Market Details

 

Age of Homes

AGE OF Upper Marlboro HOMES
2000 or Newer 5.0
1970 - 1999 63.9
1940 - 1969 20.1
1939 or Older 11.0

Types of Homes

TYPE OF Upper Marlboro HOMES
Single-Family 46.1
Townhomes 46.1
Small Apt. Buildings 1.6
Apt. Complexes 6.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Upper Marlboro HOMES
No Bedroom 0.00
1 Bedroom 5.96
2 Bedrooms 34.48
3 Bedrooms 47.96
4 Bedrooms 9.09
5 or more bedrooms 2.51

Upper Marlboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
56.04% 2.65% 4 7
* 10 is highest