Housing in Lusby, MD is quite expensive compared to the national median value. The median housing value in Lusby is $325,100 which is significantly lower than the US house median of $338,100. Despite this discrepancy, Lusby has still seen a 7.62% appreciation in value over the last year, just shy of the 8.27% national figure. Although it doesn't have the most affordable housing, Lusby does offer homeowners a rewarding experience with its stable and appreciating market.
The median home cost in Lusby is $325,100. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Lusby is up 12.7%.
Average Age of Homes
- The median age of Lusby real estate is 23 years old
The Rental Market in Lusby
- Renters make up 28.3% of the Lusby population
- 4.9% of houses and apartments in Lusby, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.