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 5,816 people, 2,104 houses or apartments, and a median cost of homes of $434,316, District Heights real estate prices are well above average cost compared to national prices.
District Heights is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in District Heights than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in District Heights. Owner-occupied housing accounts for 69.93% of District Heights's homes, and 67.85% have either three or four bedrooms, which is average sized relative to America.
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. District Heights's housing was primarily built during this period, from the '40s through the '60s. A full 55.28% of the city's housing hails from this era. Other housing ages represented in District Heights include homes built between 1970-1999 ( 38.26%) and housing constructed before 1939 ( 6.29%).
Appreciation rates for homes in District Heights have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 111.66%, which ranks in the top 30% nationwide. This equates to an annual average District Heights house appreciation rate of 7.79%.
Over the last year, District Heights appreciation rates have trailed the rest of the nation. In the last twelve months, District Heights's appreciation rate has been 2.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in District Heights were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes District Heights one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Maryland, our data show that District Heights's latest annual appreciation rate is lower than 80% 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 District Heights differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in District Heights - 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 District Heights real estate investment or home purchase decisions.
$434,316
for Maryland
for nation
2,104
$2,314 / per month