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 13,405 people, 4,439 houses or apartments, and a median cost of homes of $464,078, New Carrollton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in New Carrollton, accounting for 47.70% of the city's housing units. Other types of housing that are prevalent in New Carrollton include large apartment complexes or high rise apartments ( 46.71%), duplexes, homes converted to apartments or other small apartment buildings ( 4.11%), and a few mobile homes or trailers ( 1.07%).
The most prevalent building size and type in New Carrollton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.18% owning and 48.82% renting.
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. New Carrollton's housing was primarily built during this period, from the '40s through the '60s. A full 71.63% of the city's housing hails from this era. Other housing ages represented in New Carrollton include homes built between 1970-1999 ( 23.34%) and housing constructed between 2000 and later ( 3.81%). There's also some housing in New Carrollton built before 1939 ( 1.22%).
Appreciation rates for homes in New Carrollton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.59%, which ranks in the top 50% nationwide. This equates to an annual average New Carrollton house appreciation rate of 6.88%.
NeighborhoodScout's data show that during the latest twelve months, New Carrollton's appreciation rate, at 7.23%, has been at or slightly above the national average. In the latest quarter, New Carrollton's appreciation rate has been 0.48%, which annualizes to a rate of 1.92%.
Relative to Maryland, our data show that New Carrollton's latest annual appreciation rate is higher than 70% of the other cities and towns in Maryland.
$464,078
for Maryland
for nation
4,439
$2,634 / per month