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 1,388 people, 306 houses or apartments, and a median cost of homes of $402,141, Charlotte Hall real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Charlotte Hall, accounting for 81.52% of the town's housing units. Other types of housing that are prevalent in Charlotte Hall include mobile homes or trailers ( 8.18%), large apartment complexes or high rise apartments ( 4.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.24%).
The most prevalent building size and type in Charlotte Hall are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.96% owning and 44.04% renting.
There is a lot of housing in Charlotte Hall 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 Charlotte Hall built between 2000 and later ( 14.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.76%). There's also some housing in Charlotte Hall built before 1939 ( 2.42%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Charlotte Hall, where house values have increased just 40.19%, which is annualized rate of 3.44%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Charlotte Hall appreciation rates have trailed the rest of the nation. In the last twelve months, Charlotte Hall's appreciation rate has been -0.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Charlotte Hall were at 6.40%, which equates to an annual appreciation rate of 28.16%.
Importantly, this makes Charlotte Hall 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 Charlotte Hall's latest annual appreciation rate is lower than 90% of the other cities and towns in Maryland.
$402,141
for Maryland
for nation
306
$2,212 / per month