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 72,891 people, 28,804 houses or apartments, and a median cost of homes of $392,964, Glen Burnie real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Glen Burnie, accounting for 52.03% of the town's housing units. Other types of housing that are prevalent in Glen Burnie include large apartment complexes or high rise apartments ( 31.06%), row houses and other attached homes ( 14.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.90%).
The most prevalent building size and type in Glen Burnie are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.23% owning and 36.77% renting.
There is a lot of housing in Glen Burnie 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 Glen Burnie built between 1940-1969 ( 36.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.38%). There's also some housing in Glen Burnie built before 1939 ( 3.24%).
Glen Burnie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Glen Burnie during the period has been just 5.19%, which is lower than 80% of US communities.
Over the last year, Glen Burnie appreciation rates have trailed the rest of the nation. In the last twelve months, Glen Burnie's appreciation rate has been 5.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glen Burnie were at 2.23%, which equates to an annual appreciation rate of 9.22%.
Relative to Maryland, our data show that Glen Burnie's latest annual appreciation rate is lower than 50% 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 Glen Burnie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glen Burnie - 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 Glen Burnie real estate investment or home purchase decisions.
$392,964
for Maryland
for nation
28,804
$2,881 / per month