Greenbelt, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Greenbelt, MD Housing Market Trends

With 23,224 people, 9,350 houses or apartments, and a median cost of homes of $271,995, Greenbelt 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 Greenbelt, accounting for 58.31% of the city's housing units. Other types of housing that are prevalent in Greenbelt include row houses and other attached homes ( 26.51%), single-family detached homes ( 12.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.69%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Greenbelt primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Greenbelt has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Greenbelt 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 Greenbelt built between 1940-1969 ( 33.05%). A lesser amount of the housing stock also hails from before 1939 ( 9.61%). There's also some housing in Greenbelt built between 2000 and later ( 7.03%).

Greenbelt Home Appreciation Rates

Appreciation rates for homes in Greenbelt have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 52.60%, which ranks in the top 40% nationwide. This equates to an annual average Greenbelt house appreciation rate of 4.32%.

Over the last year, Greenbelt appreciation rates have trailed the rest of the nation. In the last twelve months, Greenbelt's appreciation rate has been 5.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greenbelt were at 2.58%, which equates to an annual appreciation rate of 10.71%.

Relative to Maryland, our data show that Greenbelt's latest annual appreciation rate is lower than 90% 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 city. Individual neighborhoods within Greenbelt differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Greenbelt - 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 Greenbelt real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$271,995

Greenbelt, MD HOME PRICES

> $1,168,000
0.0%
0.0%
$876,001 - $1,168,000
0.8%
0.8%
$583,001 - $876,000
8.8%
8.8%
$467,001 - $583,000
16.8%
16.8%
$350,001 - $467,000
17.3%
17.3%
$234,001 - $350,000
21.3%
21.3%
$117,001 - $234,000
27.2%
27.2%
$58,001 - $117,000
6.5%
6.5%
$0 - $58,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for MD

Value Relative To Nation

Number Of Homes And Apartments:
9,350

Greenbelt Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
129.66% 3.94%
9
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,233 / per month

Homeownership Rate

Owners
47.8%
47.8%
Renters
52.2%
52.2%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.0%
7.0%
1970 - 1999
50.3%
50.3%
1940 - 1969
33.0%
33.0%
1939 or Older
9.6%
9.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
12.5%
12.5%
Townhomes
26.5%
26.5%
Small Apt. Buildings
2.7%
2.7%
Apt. Complexes
58.3%
58.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
21.0%
21.0%
2 Bedrooms
37.3%
37.3%
3 Bedrooms
28.7%
28.7%
4 Bedrooms
7.7%
7.7%
5 or more bedrooms
3.3%
3.3%
0.0% 100.0%
% OF HOMES