Upper Marlboro, 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

Upper Marlboro, MD Housing Market Trends

With a population of 673, 314 total housing units (homes and apartments), and a median house value of $381,407, 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 54.90% of the town's housing units. Other types of housing that are prevalent in Upper Marlboro include row houses and other attached homes ( 40.62%), duplexes, homes converted to apartments or other small apartment buildings ( 3.92%).

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 80.57% of Upper Marlboro's homes, and 59.38% 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 between 1940-1969 ( 13.17%). A lesser amount of the housing stock also hails from before 1939 ( 13.17%). There's also some housing in Upper Marlboro built between 2000 and later ( 6.16%).

Vacant housing appears to be an issue in Upper Marlboro. Fully 12.04% 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.

Upper Marlboro Home Appreciation Rates

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 3.22% during the period.

NeighborhoodScout's data show that during the latest twelve months, Upper Marlboro's appreciation rate, at 8.38%, has been at or slightly above the national average. In the latest quarter, Upper Marlboro's appreciation rate has been 2.62%, which annualizes to a rate of 10.89%.

Relative to Maryland, our data show that Upper Marlboro's latest annual appreciation rate is higher than 50% 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.

Average Home Values

 

Median Home Value:
$381,407

Upper Marlboro, MD HOME PRICES

> $1,211,000
0.1%
0.1%
$908,001 - $1,211,000
6.0%
6.0%
$606,001 - $908,000
11.6%
11.6%
$484,001 - $606,000
9.9%
9.9%
$363,001 - $484,000
27.1%
27.1%
$242,001 - $363,000
29.0%
29.0%
$121,001 - $242,000
14.1%
14.1%
$61,001 - $121,000
0.0%
0.0%
$0 - $61,000
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for MD

Value Relative To Nation

Number Of Homes And Apartments:
314

Upper Marlboro 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
94.06% 3.13%
5
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,868 / per month

Homeownership Rate

Owners
80.6%
80.6%
Renters
19.4%
19.4%
Vacant
12.0%
12.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.2%
6.2%
1970 - 1999
67.5%
67.5%
1940 - 1969
13.2%
13.2%
1939 or Older
13.2%
13.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.9%
54.9%
Townhomes
40.6%
40.6%
Small Apt. Buildings
3.9%
3.9%
Apt. Complexes
0.6%
0.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
2.0%
2.0%
2 Bedrooms
34.7%
34.7%
3 Bedrooms
45.9%
45.9%
4 Bedrooms
13.4%
13.4%
5 or more bedrooms
3.9%
3.9%
0.0% 100.0%
% OF HOMES