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 1,854, 679 total housing units (homes and apartments), and a median house value of $594,122, real estate costs in Myersville 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.
Myersville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Myersville 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 Myersville. Owner-occupied housing accounts for 93.19% of Myersville's homes, and 77.75% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Myersville 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 Myersville built between 2000 and later ( 20.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.51%). There's also some housing in Myersville built before 1939 ( 2.89%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Myersville, where house values have increased just 54.75%, which is annualized rate of 4.46%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Myersville's appreciation rate, at 5.40%, has been at or slightly above the national average. In the latest quarter, Myersville's appreciation rate has been 3.11%, which annualizes to a rate of 13.04%.
Importantly, this makes Myersville 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 Myersville's latest annual appreciation rate is higher than 50% of the other cities and towns in Maryland.
$594,122
for Maryland
for nation
679
$2,417 / per month