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Hancock, MD Housing

 
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As of 2010-2014, median price of a house in Hancock is $145,500, which is much lower than the state average of $287,500 and is lower than the national average of $175,700. The Hancock median house value has grown by 104.93% since 2000. The growth rate for the price of a house in Hancock is higher than the state average rate of 96.92% and is much higher than the national average rate of 46.91%. The median year that a house in Hancock was built is 1950, which is older than the median year for a house built in the state which is 1975 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 400 Owner Occupied Houses in Hancock, MD, #408
Hancock, MD
145,500 USD
Maryland
287,500 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #97
Hancock, MD
104.93%
Maryland
96.92%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Hancock, MDMarylandU.S.
Total Housing Units883, see rank, 100%2,399,375132,741,033
Occupied Housing Units746, 84.48%, see rank89.86%87.55%
Owner Occupied400, 45.30%, see rank60.26%56.34%
Renter Occupied346, 39.18%, see rank29.60%31.21%
Vacant Housing Units137, 15.52%, see rank10.14%12.45%
For Rent20, 2.27%, see rank2.24%2.34%
For Sale Only18, 2.04%, see rank1.11%1.20%
Rented or Sold, Not Occupied7, 0.79%, see rank0.65%0.92%
For Seasonal, Recreational, or Occasional Use39, 4.42%, see rank2.35%3.97%
For Migrant Workers0, 0.00%, see rank0.03%0.03%
Other Vacant53, 6.00%, see rank3.76%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #411
Hancock, MDMarylandU.S.
195019751976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Hancock, MD%MarylandU.S.
Owner-Occupied Units400100%1,445,88074,787,460
With a Mortgage26566.25%, see rank75.17%65.58%
Without a Mortgage13533.75%, see rank24.83%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Hancock, MD
1,390 USD
Maryland
1,999 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsHancock, MD%MarylandU.S.
$299 or Less00.00%, see rank0.12%0.20%
$300 to $49931.13%, see rank0.75%1.59%
$500 to $6992710.19%, see rank1.94%5.01%
$700 to $9992910.94%, see rank5.73%14.32%
$1,000 to $1,4998833.21%, see rank18.28%27.90%
$1,500 to $1,9999636.23%, see rank23.23%20.35%
$2,000 to $2,999228.30%, see rank31.23%19.52%
$3,000 or More00.00%, see rank18.71%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Hancock, MD
28.60% of the Total Income
Maryland
24.00% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Hancock, MD%MarylandU.S.
10% or Less83.02%, see rank5.74%5.86%
10% to 20%3513.21%, see rank30.56%31.95%
20% to 30%9535.85%, see rank29.32%27.64%
30% to 40%6926.04%, see rank14.45%13.74%
40% or More4918.49%, see rank19.55%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Hancock, MD
438 USD
Maryland
583 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsHancock, MD%MarylandU.S.
$199 or Less64.44%, see rank2.62%7.76%
$200 to $2992014.81%, see rank5.55%14.70%
$300 to $4995238.52%, see rank28.64%34.63%
$500 to $6993223.70%, see rank29.57%21.16%
$700 or More2518.52%, see rank33.62%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Hancock, MD
17.30% of the Total Income
Maryland
12.10% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Hancock, MD%MarylandU.S.
10% or Less2619.26%, see rank41.59%40.19%
10% to 20%4835.56%, see rank30.55%31.47%
20% to 30%2317.04%, see rank11.67%12.24%
30% to 40%96.67%, see rank5.66%5.64%
40% or More2921.48%, see rank9.55%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Hancock, MDMarylandU.S.
Total Housing Units883, 100%2,399,375132,741,033
1-unit, Detached516, 58.44%, see rank51.72%61.65%
1-unit, Attached48, 5.44%, see rank21.19%5.82%
2 Units108, 12.23%, see rank1.60%3.75%
3 or 4 Units71, 8.04%, see rank2.20%4.43%
5 to 9 Units76, 8.61%, see rank4.94%4.78%
10 or More Units34, 3.85%, see rank16.70%13.08%
Mobile Home, Boat, RV, Van, etc.30, 3.40%, see rank1.63%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Hancock, MDMarylandU.S.
Total Housing Units883, 100%2,399,375132,741,033
1 Room0, 0.00%, see rank1.15%1.95%
2 Rooms31, 3.51%, see rank1.62%2.48%
3 Rooms111, 12.57%, see rank7.62%9.13%
4 Rooms147, 16.65%, see rank12.84%16.60%
5 Rooms182, 20.61%, see rank14.80%20.41%
6 Rooms163, 18.46%, see rank17.19%18.06%
7 Rooms88, 9.97%, see rank14.01%12.27%
8 Rooms98, 11.10%, see rank11.30%8.48%
9 Rooms or More63, 7.13%, see rank19.47%10.60%
Median Rooms5.30, see rank6.205.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Hancock, MDMarylandU.S.
Total Housing Units883, 100%2,399,375132,741,033
No Bedroom0, 0.00%, see rank1.33%2.17%
1 Bedroom229, 25.93%, see rank10.34%11.16%
2 Bedrooms225, 25.48%, see rank22.38%26.69%
3 Bedrooms301, 34.09%, see rank37.63%39.70%
4 Bedrooms112, 12.68%, see rank21.12%16.05%
5 or More Bedrooms16, 1.81%, see rank7.20%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Hancock, MDMarylandU.S.
Total Housing Units746, 100%2,155,983116,211,092
Utility Gas160, 21.45%, see rank44.54%48.85%
Bottled, Tank, or LP Gas14, 1.88%, see rank3.17%4.86%
Electricity300, 40.21%, see rank39.67%36.68%
Fuel Oil, Kerosene, etc.234, 31.37%, see rank10.31%5.86%
Coal or Coke5, 0.67%, see rank0.11%0.12%
Wood29, 3.89%, see rank1.37%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel0, 0.00%, see rank0.45%0.47%
No Fuel Used4, 0.54%, see rank0.35%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalHancock, MDMarylandU.S.
Occupied Units Paying Rent312, 100%682,56639,201,928
$199 or Less23, 7.37%, see rank1.63%1.50%
$200 to $29915, 4.81%, see rank2.77%3.18%
$300 to $49971, 22.76%, see rank3.76%7.37%
$500 to $699108, 34.62%, see rank5.52%16.01%
$700 to $99971, 22.76%, see rank18.21%29.17%
$1,000 to $1,49924, 7.69%, see rank37.53%26.88%
$1,500 to $1,9990, 0.00%, see rank19.46%9.79%
$2,000 or More0, 0.00%, see rank11.13%6.10%
Median$610, see rank$1,218$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Hancock, MDMarylandU.S.
Occupied Housing Units746, 100%2,155,983116,211,092
No Vehicles Available95, 12.73%, see rank9.39%9.12%
1 Vehicles Available319, 42.76%, see rank32.90%33.80%
2 Vehicles Available210, 28.15%, see rank36.77%37.48%
3 or More Vehicles Available122, 16.35%, see rank20.95%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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