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 7,340, 2,792 total housing units (homes and apartments), and a median house value of $378,745, Taneytown real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Taneytown, accounting for 64.00% of the city's housing units. Other types of housing that are prevalent in Taneytown include row houses and other attached homes ( 21.18%), duplexes, homes converted to apartments or other small apartment buildings ( 11.58%), and a few large apartment complexes or high rise apartments ( 3.25%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Taneytown. Owner-occupied housing accounts for 79.80% of Taneytown's homes, and 66.04% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Taneytown 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 Taneytown built between 2000 and later ( 33.32%). A lesser amount of the housing stock also hails from before 1939 ( 12.88%). There's also some housing in Taneytown built between 1940-1969 ( 9.87%).
Taneytown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Taneytown during the period has been just 4.68%, which is lower than 80% of US communities.
Over the last year, Taneytown appreciation rates have trailed the rest of the nation. In the last twelve months, Taneytown's appreciation rate has been 3.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Taneytown were at 2.23%, which equates to an annual appreciation rate of 9.22%.
Relative to Maryland, our data show that Taneytown's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.
$378,745
for Maryland
for nation
2,792
$1,851 / per month