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 9,819, 3,249 total housing units (homes and apartments), and a median house value of $636,360, real estate costs in Mount Airy 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.
Mount Airy is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Mount Airy than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Airy. Owner-occupied housing accounts for 89.54% of Mount Airy's homes, and 77.73% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Mount Airy 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 Mount Airy built between 2000 and later ( 36.93%). A lesser amount of the housing stock also hails from before 1939 ( 4.98%). There's also some housing in Mount Airy built between 1940-1969 ( 3.56%).
Mount Airy's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Mount Airy during the period has been just 4.75%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Mount Airy's appreciation rate, at 6.03%, has been at or slightly above the national average. In the latest quarter, Mount Airy's appreciation rate has been 2.55%, which annualizes to a rate of 10.60%.
Relative to Maryland, our data show that Mount Airy's latest annual appreciation rate is higher than 60% 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 Mount Airy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Airy - 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 Mount Airy real estate investment or home purchase decisions.
$636,360
for Maryland
for nation
3,249
$2,587 / per month