Mardela Springs, MD is a great place to own a house. The median value for housing in Mardela Springs is $180,000, far below the US median value of $338,100. However, over the past year, the appreciation rate of housing in Mardela Springs has been much higher than the US average at 14.76%, compared to 8.27% nationally. This makes it an ideal place for people looking to invest in real estate as they can expect strong returns over the long term.
The median home cost in Mardela Springs is $180,000. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Mardela Springs is up 14.0%.
Average Age of Homes
- The median age of Mardela Springs real estate is 63 years old
The Rental Market in Mardela Springs
- Renters make up 16.8% of the Mardela Springs population
- 0.0% of houses and apartments in Mardela Springs, 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.