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 621 people, 285 houses or apartments, and a median cost of homes of $426,774, Port Deposit real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Port Deposit, accounting for 37.14% of the town's housing units. Other types of housing that are prevalent in Port Deposit include single-family detached homes ( 26.15%), row houses and other attached homes ( 18.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 18.24%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
People in Port Deposit primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Port Deposit has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Port Deposit 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 Port Deposit built before 1939 ( 38.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.73%). There's also some housing in Port Deposit built between 1940-1969 ( 7.47%).
Vacant housing appears to be an issue in Port Deposit. Fully 37.36% of the housing stock is classified as vacant. Left unchecked, vacant Port Deposit homes and apartments can be a drag on the real estate market, holding Port Deposit real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Port Deposit's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.10% during the period.
Appreciation rates are so strong in Port Deposit that despite a nationwide downturn in the housing market, Port Deposit real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Deposit appreciation rates continue to be some of the highest in America, at 10.33%, which is higher than appreciation rates in 88.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Deposit. Port Deposit appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.
Relative to Maryland, our data show that Port Deposit's latest annual appreciation rate is higher than 90% of the other cities and towns in Maryland.
$426,774
for Maryland
for nation
285
$1,945 / per month