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 4,462, 2,052 total housing units (homes and apartments), and a median house value of $375,246, Seat Pleasant real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Seat Pleasant, accounting for 44.11% of the city's housing units. Other types of housing that are prevalent in Seat Pleasant include large apartment complexes or high rise apartments ( 30.83%), row houses and other attached homes ( 21.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.82%).
The most prevalent building size and type in Seat Pleasant are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.96% owning and 42.04% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Seat Pleasant's housing was primarily built during this period, from the '40s through the '60s. A full 61.66% of the city's housing hails from this era. Other housing ages represented in Seat Pleasant include homes built between 1970-1999 ( 23.23%) and housing constructed before 1939 ( 14.17%).
Appreciation rates for homes in Seat Pleasant have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 112.47%, which ranks in the top 30% nationwide. This equates to an annual average Seat Pleasant house appreciation rate of 7.83%.
Over the last year, Seat Pleasant appreciation rates have trailed the rest of the nation. In the last twelve months, Seat Pleasant's appreciation rate has been 2.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Seat Pleasant were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Seat Pleasant one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Maryland, our data show that Seat Pleasant's latest annual appreciation rate is lower than 80% of the other cities and towns in Maryland.
$375,246
for Maryland
for nation
2,052
$2,347 / per month