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 26,822 people, 10,674 houses or apartments, and a median cost of homes of $436,138, Reisterstown real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Reisterstown, accounting for 47.79% of the town's housing units. Other types of housing that are prevalent in Reisterstown include large apartment complexes or high rise apartments ( 28.12%), row houses and other attached homes ( 21.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.75%).
The most prevalent building size and type in Reisterstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.74% owning and 37.26% renting.
There is a lot of housing in Reisterstown 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 Reisterstown built between 1940-1969 ( 30.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.82%). There's also some housing in Reisterstown built before 1939 ( 5.05%).
Reisterstown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Reisterstown during the period has been just 5.18%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Reisterstown's appreciation rate, at 6.23%, has been at or slightly above the national average. In the latest quarter, Reisterstown's appreciation rate has been 2.23%, which annualizes to a rate of 9.22%.
Relative to Maryland, our data show that Reisterstown's latest annual appreciation rate is higher than 60% 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 Reisterstown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Reisterstown - 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 Reisterstown real estate investment or home purchase decisions.
$436,138
for Maryland
for nation
10,674
$2,703 / per month