Fairland, MD is an attractive area in which to invest in housing. The median value of the houses in Fairland is $419,600, higher than the US median house value of $338,100. Although the one-year appreciation rate of houses in Fairland is 3.16%, slightly lower than the US average of 8.27%, it still indicates a steady growth in home values over time. As such, investing in a property or home in Fairland is sure to be a smart choice for many potential buyers.
The median home cost in Fairland is $419,600. Home appreciation the last 10 years has been 56.3%. Home Appreciation in Fairland is up 9.7%.
Average Age of Homes
- The median age of Fairland real estate is 33 years old
The Rental Market in Fairland
- Renters make up 49.6% of the Fairland population
- 2.0% of houses and apartments in Fairland, 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.