Ellicott City, MD is known for having some of the most expensive and desirable housing in the country. The median value for houses in Ellicott City is $617,500, which is more than double the US median value of $338,100. Over the past year, house values in Ellicott City have appreciated by 8.56%, slightly higher than the US average of 8.27%. Clearly, buying a house in this area is an attractive option for many homeowners looking to invest in their future.
The median home cost in Ellicott City is $617,500. Home appreciation the last 10 years has been 49.7%. Home Appreciation in Ellicott City is up 10.6%.
Average Age of Homes
- The median age of Ellicott City real estate is 29 years old
The Rental Market in Ellicott City
- Renters make up 24.1% of the Ellicott City population
- 1.5% of houses and apartments in Ellicott City, 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.