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 11,160, 3,948 total housing units (homes and apartments), and a median house value of $817,177, Phoenix house prices are not only among the most expensive in Maryland, Phoenix real estate also is some of the most expensive in all of America.
Phoenix is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Phoenix 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 Phoenix. Owner-occupied housing accounts for 97.89% of Phoenix's homes, and 74.99% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Phoenix 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 Phoenix built between 1940-1969 ( 23.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.04%). There's also some housing in Phoenix built before 1939 ( 7.42%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Phoenix, where house values have increased just 41.86%, which is annualized rate of 3.56%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Phoenix appreciation rates have trailed the rest of the nation. In the last twelve months, Phoenix's appreciation rate has been 4.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Phoenix were at 2.23%, which equates to an annual appreciation rate of 9.22%.
Relative to Maryland, our data show that Phoenix's latest annual appreciation rate is lower than 60% of the other cities and towns in Maryland.
$817,177
for Maryland
for nation
3,948
$2,596 / per month