Waldorf MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Waldorf, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Waldorf Housing Market Information

With 71,762 people, 27,263 houses or apartments, and a median cost of homes of $307,777, Waldorf real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Waldorf, accounting for 56.03% of the town's housing units. Other types of housing that are prevalent in Waldorf include row houses and other attached homes ( 28.03%), large apartment complexes or high rise apartments ( 12.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waldorf. Owner-occupied housing accounts for 67.87% of Waldorf's homes, and 73.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Waldorf 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 Waldorf built between 2000 and later ( 29.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.38%).

Waldorf Home Appreciation Rates

Waldorf's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Waldorf during the period has been just 1.18%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Waldorf's appreciation rate, at 6.11%, has been at or slightly above the national average. In the latest quarter, Waldorf's appreciation rate has been 0.77%, which annualizes to a rate of 3.11%.

Relative to Maryland, our data show that Waldorf's latest annual appreciation rate is higher than 80% 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 Waldorf differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waldorf - 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 Waldorf real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$307,777

Waldorf, MD HOME PRICES

Value Range
> $1,164,000 0.4
$873,001 - $1,164,000 0.2
$582,001 - $873,000 1.9
$466,001 - $582,000 6.3
$349,001 - $466,000 24.0
$232,001 - $349,000 41.7
$116,001 - $232,000 21.9
$58,001 - $116,000 0.5
$0 - $58,000 3.3

Average for MD
High for Nation

Value Relative to Nation Value Relative to State
20.0408759124088 53.7593984962406

Number Of Homes And Apartments:
27,263

Waldorf Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
73.29% 2.75%
4
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,260 / per month

Homeownership Rate

Homeownership
Owners 67.87
Renters 32.13
Vacant 5.28

Housing Market Details

 

Age of Homes

AGE OF Waldorf HOMES
2000 or Newer 29.5
1970 - 1999 59.5
1940 - 1969 10.4
1939 or Older 0.6

Types of Homes

TYPE OF Waldorf HOMES
Single-Family 56.0
Townhomes 28.0
Small Apt. Buildings 2.6
Apt. Complexes 12.7
Mobile Homes 0.6
Other 0.1

Home Size

SIZE OF Waldorf HOMES
No Bedroom 0.53
1 Bedroom 6.37
2 Bedrooms 13.87
3 Bedrooms 42.70
4 Bedrooms 30.35
5 or more bedrooms 6.17