Waldorf, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waldorf, MD Real Estate Data


Waldorf Housing Market Information

With a population of 71,762, 24,884 total housing units (homes and apartments), and a median house value of $280,126, 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 57.17% of the town's housing units. Other types of housing that are prevalent in Waldorf include row houses and other attached homes ( 25.98%), large apartment complexes or high rise apartments ( 12.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.24%).

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 69.36% of Waldorf's homes, and 73.18% 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 ( 22.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.68%). There's also some housing in Waldorf built before 1939 ( 1.27%).

Waldorf Home Appreciation Rates

Homes have actually lost value in Waldorf over the last then years, as home values have seen a decline of 27.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Waldorf home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

Over the last year, Waldorf appreciation rates have trailed the rest of the nation. In the last twelve months, Waldorf's appreciation rate has been 4.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waldorf were at 1.43%, which equates to an annual appreciation rate of 5.85%.

Relative to Maryland, our data show that Waldorf's latest annual appreciation rate is lower than 50% 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:
$280,126

Waldorf, MD HOME PRICES

Value Range
> $1,097,000 0.1
$823,001 - $1,097,000 0.2
$549,001 - $823,000 2.6
$439,001 - $549,000 5.1
$329,001 - $439,000 21.3
$219,001 - $329,000 45.5
$110,001 - $219,000 22.0
$55,001 - $110,000 0.8
$0 - $55,000 2.3

Average for MD
Very High for Nation

Value Relative to Nation Value Relative to State
19.002166656907 55.5133079847909

Number Of Homes And Apartments:
24,884

Rent & Ownership

 

Average Market Rent:
$1,732 / per month

Homeownership Rate

Homeownership
Owners 69.36
Renters 30.64
Vacant 5.61

Housing Market Details

 

Age of Homes

AGE OF Waldorf HOMES
2000 or Newer 22.2
1970 - 1999 66.9
1940 - 1969 9.7
1939 or Older 1.3

Types of Homes

TYPE OF Waldorf HOMES
Single-Family 57.2
Townhomes 26.0
Small Apt. Buildings 3.2
Apt. Complexes 12.6
Mobile Homes 0.9
Other 0.1

Home Size

SIZE OF Waldorf HOMES
No Bedroom 0.63
1 Bedroom 5.52
2 Bedrooms 15.30
3 Bedrooms 43.26
4 Bedrooms 29.92
5 or more bedrooms 5.36

Waldorf 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
49.95% 2.41% 3 6
* 10 is highest