Greenbelt, MD is an attractive market for housing due to its median house value of $285,400, which is significantly lower than the US median house value of $338,100. This provides a great opportunity for potential buyers looking for a more affordable option compared to other parts of the country. Additionally, the housing market in Greenbelt has experienced steady appreciation over the past year at 6.91%, lower than but still in line with the national average of 8.27%. This suggests that there is healthy demand for housing in Greenbelt and will likely continue to appreciate in the future.
The median home cost in Greenbelt is $285,400. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Greenbelt is up 10.7%.
Average Age of Homes
- The median age of Greenbelt real estate is 46 years old
The Rental Market in Greenbelt
- Renters make up 51.4% of the Greenbelt population
- 3.1% of houses and apartments in Greenbelt, 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.