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 702, 336 total housing units (homes and apartments), and a median house value of $512,091, Upper Marlboro real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Upper Marlboro, accounting for 46.85% of the town's housing units. Other types of housing that are prevalent in Upper Marlboro include row houses and other attached homes ( 40.81%), duplexes, homes converted to apartments or other small apartment buildings ( 12.34%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Upper Marlboro. Owner-occupied housing accounts for 82.71% of Upper Marlboro's homes, and 49.12% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Upper Marlboro 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 Upper Marlboro built before 1939 ( 17.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.88%). There's also some housing in Upper Marlboro built between 2000 and later ( 6.05%).
Vacant housing appears to be an issue in Upper Marlboro. Fully 15.37% of the housing stock is classified as vacant. Left unchecked, vacant Upper Marlboro homes and apartments can be a drag on the real estate market, holding Upper Marlboro 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 Upper Marlboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.87% during the period.
NeighborhoodScout's data show that during the latest twelve months, Upper Marlboro's appreciation rate, at 5.88%, has been at or slightly above the national average. In the latest quarter, Upper Marlboro's appreciation rate has been 3.11%, which annualizes to a rate of 13.04%.
Importantly, this makes Upper Marlboro 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 Upper Marlboro'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 Upper Marlboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Upper Marlboro - 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 Upper Marlboro real estate investment or home purchase decisions.
$512,091
for Maryland
for nation
336
$1,727 / per month