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 20,133, 6,277 total housing units (homes and apartments), and a median house value of $472,801, Beltsville 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 Beltsville, accounting for 48.15% of the town's housing units. Other types of housing that are prevalent in Beltsville include single-family detached homes ( 46.05%), row houses and other attached homes ( 4.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.11%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns 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 Beltsville primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Beltsville 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. Beltsville's housing was primarily built during this period, from the '40s through the '60s. A full 38.68% of the town's housing hails from this era. Other housing ages represented in Beltsville include homes built between 1970-1999 ( 36.26%) and housing constructed between 2000 and later ( 21.53%). There's also some housing in Beltsville built before 1939 ( 3.52%).
Real estate appreciation rates in Beltsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.82% during the period.
Over the last year, Beltsville appreciation rates have trailed the rest of the nation. In the last twelve months, Beltsville's appreciation rate has been 3.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beltsville were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Beltsville 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 Beltsville's latest annual appreciation rate is lower 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 Beltsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beltsville - 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 Beltsville real estate investment or home purchase decisions.
$472,801
for Maryland
for nation
6,277
$3,174 / per month