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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 Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle 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, MD	Maryland	U.S.
Total Housing Units	883, see rank, 100%	2,399,375	132,741,033
Occupied Housing Units	746, 84.48%, see rank	89.86%	87.55%
Owner Occupied	400, 45.30%, see rank	60.26%	56.34%
Renter Occupied	346, 39.18%, see rank	29.60%	31.21%
Vacant Housing Units	137, 15.52%, see rank	10.14%	12.45%
For Rent	20, 2.27%, see rank	2.24%	2.34%
For Sale Only	18, 2.04%, see rank	1.11%	1.20%
Rented or Sold, Not Occupied	7, 0.79%, see rank	0.65%	0.92%
For Seasonal, Recreational, or Occasional Use	39, 4.42%, see rank	2.35%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.03%	0.03%
Other Vacant	53, 6.00%, see rank	3.76%	4.00%

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

Year Structure Built

Median Built Year, #411

Hancock, MD	Maryland	U.S.
1950	1975	1976

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	%	Maryland	U.S.
Owner-Occupied Units	400	100%	1,445,880	74,787,460
With a Mortgage	265	66.25%, see rank	75.17%	65.58%
Without a Mortgage	135	33.75%, see rank	24.83%	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 Costs	Hancock, MD	%	Maryland	U.S.
$299 or Less	0	0.00%, see rank	0.12%	0.20%
$300 to $499	3	1.13%, see rank	0.75%	1.59%
$500 to $699	27	10.19%, see rank	1.94%	5.01%
$700 to $999	29	10.94%, see rank	5.73%	14.32%
$1,000 to $1,499	88	33.21%, see rank	18.28%	27.90%
$1,500 to $1,999	96	36.23%, see rank	23.23%	20.35%
$2,000 to $2,999	22	8.30%, see rank	31.23%	19.52%
$3,000 or More	0	0.00%, see rank	18.71%	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	%	Maryland	U.S.
10% or Less	8	3.02%, see rank	5.74%	5.86%
10% to 20%	35	13.21%, see rank	30.56%	31.95%
20% to 30%	95	35.85%, see rank	29.32%	27.64%
30% to 40%	69	26.04%, see rank	14.45%	13.74%
40% or More	49	18.49%, see rank	19.55%	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 Costs	Hancock, MD	%	Maryland	U.S.
$199 or Less	6	4.44%, see rank	2.62%	7.76%
$200 to $299	20	14.81%, see rank	5.55%	14.70%
$300 to $499	52	38.52%, see rank	28.64%	34.63%
$500 to $699	32	23.70%, see rank	29.57%	21.16%
$700 or More	25	18.52%, see rank	33.62%	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	%	Maryland	U.S.
10% or Less	26	19.26%, see rank	41.59%	40.19%
10% to 20%	48	35.56%, see rank	30.55%	31.47%
20% to 30%	23	17.04%, see rank	11.67%	12.24%
30% to 40%	9	6.67%, see rank	5.66%	5.64%
40% or More	29	21.48%, see rank	9.55%	9.16%

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

Units in Structure

	Hancock, MD	Maryland	U.S.
Total Housing Units	883, 100%	2,399,375	132,741,033
1-unit, Detached	516, 58.44%, see rank	51.72%	61.65%
1-unit, Attached	48, 5.44%, see rank	21.19%	5.82%
2 Units	108, 12.23%, see rank	1.60%	3.75%
3 or 4 Units	71, 8.04%, see rank	2.20%	4.43%
5 to 9 Units	76, 8.61%, see rank	4.94%	4.78%
10 or More Units	34, 3.85%, see rank	16.70%	13.08%
Mobile Home, Boat, RV, Van, etc.	30, 3.40%, see rank	1.63%	6.49%

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

Rooms

	Hancock, MD	Maryland	U.S.
Total Housing Units	883, 100%	2,399,375	132,741,033
1 Room	0, 0.00%, see rank	1.15%	1.95%
2 Rooms	31, 3.51%, see rank	1.62%	2.48%
3 Rooms	111, 12.57%, see rank	7.62%	9.13%
4 Rooms	147, 16.65%, see rank	12.84%	16.60%
5 Rooms	182, 20.61%, see rank	14.80%	20.41%
6 Rooms	163, 18.46%, see rank	17.19%	18.06%
7 Rooms	88, 9.97%, see rank	14.01%	12.27%
8 Rooms	98, 11.10%, see rank	11.30%	8.48%
9 Rooms or More	63, 7.13%, see rank	19.47%	10.60%
Median Rooms	5.30, see rank	6.20	5.50

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

Bedrooms

	Hancock, MD	Maryland	U.S.
Total Housing Units	883, 100%	2,399,375	132,741,033
No Bedroom	0, 0.00%, see rank	1.33%	2.17%
1 Bedroom	229, 25.93%, see rank	10.34%	11.16%
2 Bedrooms	225, 25.48%, see rank	22.38%	26.69%
3 Bedrooms	301, 34.09%, see rank	37.63%	39.70%
4 Bedrooms	112, 12.68%, see rank	21.12%	16.05%
5 or More Bedrooms	16, 1.81%, see rank	7.20%	4.22%

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

House Heating Fuel

	Hancock, MD	Maryland	U.S.
Total Housing Units	746, 100%	2,155,983	116,211,092
Utility Gas	160, 21.45%, see rank	44.54%	48.85%
Bottled, Tank, or LP Gas	14, 1.88%, see rank	3.17%	4.86%
Electricity	300, 40.21%, see rank	39.67%	36.68%
Fuel Oil, Kerosene, etc.	234, 31.37%, see rank	10.31%	5.86%
Coal or Coke	5, 0.67%, see rank	0.11%	0.12%
Wood	29, 3.89%, see rank	1.37%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	0, 0.00%, see rank	0.45%	0.47%
No Fuel Used	4, 0.54%, see rank	0.35%	1.00%

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

Gross Rent

Monthly Rental	Hancock, MD	Maryland	U.S.
Occupied Units Paying Rent	312, 100%	682,566	39,201,928
$199 or Less	23, 7.37%, see rank	1.63%	1.50%
$200 to $299	15, 4.81%, see rank	2.77%	3.18%
$300 to $499	71, 22.76%, see rank	3.76%	7.37%
$500 to $699	108, 34.62%, see rank	5.52%	16.01%
$700 to $999	71, 22.76%, see rank	18.21%	29.17%
$1,000 to $1,499	24, 7.69%, see rank	37.53%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	19.46%	9.79%
$2,000 or More	0, 0.00%, see rank	11.13%	6.10%
Median	$610, see rank	$1,218	$920

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

Vehicle Available

	Hancock, MD	Maryland	U.S.
Occupied Housing Units	746, 100%	2,155,983	116,211,092
No Vehicles Available	95, 12.73%, see rank	9.39%	9.12%
1 Vehicles Available	319, 42.76%, see rank	32.90%	33.80%
2 Vehicles Available	210, 28.15%, see rank	36.77%	37.48%
3 or More Vehicles Available	122, 16.35%, see rank	20.95%	19.61%

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