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 4,826, 1,825 total housing units (homes and apartments), and a median house value of $440,668, Abingdon real estate prices are well above average cost compared to national prices.
Abingdon is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Abingdon 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 Abingdon. Owner-occupied housing accounts for 93.50% of Abingdon's homes, and 83.40% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Abingdon 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 Abingdon built between 2000 and later ( 42.45%). A lesser amount of the housing stock also hails from before 1939 ( 1.93%). There's also some housing in Abingdon built between 1940-1969 ( 1.29%).
Abingdon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Abingdon during the period has been just 4.68%, which is lower than 80% of US communities.
Over the last year, Abingdon appreciation rates have trailed the rest of the nation. In the last twelve months, Abingdon's appreciation rate has been 2.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Abingdon were at 2.23%, which equates to an annual appreciation rate of 9.22%.
Relative to Maryland, our data show that Abingdon's latest annual appreciation rate is lower 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 Abingdon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Abingdon - 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 Abingdon real estate investment or home purchase decisions.
$440,668
for Maryland
for nation
1,825
$2,387 / per month