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 5,239 people, 1,691 houses or apartments, and a median cost of homes of $625,258, real estate costs in Middletown 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.
Single-family detached homes are the single most common housing type in Middletown, accounting for 77.07% of the town's housing units. Other types of housing that are prevalent in Middletown include row houses and other attached homes ( 11.97%), duplexes, homes converted to apartments or other small apartment buildings ( 5.68%), and a few large apartment complexes or high rise apartments ( 4.89%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middletown. Owner-occupied housing accounts for 82.67% of Middletown's homes, and 68.97% have either three or four bedrooms, which is average sized relative to America.
Middletown homes and real estate are some of the newest in America. 46.54% of Middletown's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Middletown real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 23.78%), and before 1939 ( 17.37%). There's also some housing in Middletown built between 1940-1969 ( 12.31%).
Middletown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Middletown during the period has been just 4.78%, which is lower than 80% of US communities.
Over the last year, Middletown appreciation rates have trailed the rest of the nation. In the last twelve months, Middletown's appreciation rate has been 3.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Middletown were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Middletown one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maryland, our data show that Middletown's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.
$625,258
for Maryland
for nation
1,691
$1,987 / per month