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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 33,203, 12,082 total housing units (homes and apartments), and a median house value of $340,682, Middle River real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Middle River, accounting for 37.67% of the town's housing units. Other types of housing that are prevalent in Middle River include row houses and other attached homes ( 31.49%), large apartment complexes or high rise apartments ( 18.09%), and a few mobile homes or trailers ( 8.81%).
The most prevalent building size and type in Middle River are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.13% owning and 37.87% renting.
There is a lot of housing in Middle River 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 Middle River built between 1940-1969 ( 34.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 26.79%). There's also some housing in Middle River built before 1939 ( 2.70%).
Real estate appreciation rates in Middle River's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.78% during the period.
NeighborhoodScout's data show that during the latest twelve months, Middle River's appreciation rate, at 7.68%, has been at or slightly above the national average. In the latest quarter, Middle River's appreciation rate has been 2.23%, which annualizes to a rate of 9.22%.
Relative to Maryland, our data show that Middle River'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 Middle River differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Middle River - 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 Middle River real estate investment or home purchase decisions.
$340,682
for Maryland
for nation
12,082
$2,981 / per month