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 20,662, 7,945 total housing units (homes and apartments), and a median house value of $615,079, real estate costs in Hyattsville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.
Large apartment complexes or high rise apartments are the single most common housing type in Hyattsville, accounting for 45.96% of the city's housing units. Other types of housing that are prevalent in Hyattsville include single-family detached homes ( 39.72%), row houses and other attached homes ( 9.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.75%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in Hyattsville primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Hyattsville has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hyattsville's housing was primarily built during this period, from the '40s through the '60s. A full 44.21% of the city's housing hails from this era. Other housing ages represented in Hyattsville include homes built between 2000 and later ( 26.37%) and housing constructed before 1939 ( 16.90%). There's also some housing in Hyattsville built between 1970-1999 ( 12.52%).
Real estate appreciation rates in Hyattsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.73% during the period.
NeighborhoodScout's data show that during the latest twelve months, Hyattsville's appreciation rate, at 7.23%, has been at or slightly above the national average. In the latest quarter, Hyattsville's appreciation rate has been 0.48%, which annualizes to a rate of 1.92%.
Relative to Maryland, our data show that Hyattsville's latest annual appreciation rate is higher than 70% 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 Hyattsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hyattsville - 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 Hyattsville real estate investment or home purchase decisions.
$615,079
for Maryland
for nation
7,945
$2,527 / per month