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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Port Deposit, MD Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Port Deposit, MD Housing Market Trends

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.

Port Deposit Home Appreciation Rates

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.

Average Home Values

Median Home Value

$426,774

Port Deposit, MD Home Prices
> $1,467,000
$1,100,001 - $1,467,000
$733,001 - $1,100,000
$586,001 - $733,000
$440,001 - $586,000
$293,001 - $440,000
$147,001 - $293,000
$73,001 - $147,000
$0 - $73,000
0.8%
0.8%
1.4%
1.4%
11.2%
11.2%
18.0%
18.0%
17.0%
17.0%
24.0%
24.0%
9.8%
9.8%
8.8%
8.8%
9.0%
9.0%
0% 100.0%
% of Homes
Low

for Maryland

High

for nation

Number of Homes And Apartments:

285

Port Deposit Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,945 / per month

Homeownership Rate

Owners
Renters
51.5%
51.5%
48.5%
48.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
37.4%
37.4%
62.6%
62.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.7%
14.7%
39.1%
39.1%
7.5%
7.5%
38.7%
38.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
26.2%
26.2%
18.5%
18.5%
18.2%
18.2%
37.1%
37.1%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
10.1%
10.1%
42.2%
42.2%
36.7%
36.7%
6.2%
6.2%
4.4%
4.4%
0% 100.0%
% of Homes