Westminster, MD is a desirable place to live due to its high housing median value of $390,800. This is significantly higher than the US median value of $338,100 and shows a strong market for homes in Westminster. The appreciation rate of housing in the area is also strong, at 7.76% over the past year, which is slightly lower than the US average of 8.27%. With a rising housing market and high median value, Westminster is an attractive option for potential home buyers.
The median home cost in Westminster is $390,800. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Westminster is up 10.4%.
Average Age of Homes
- The median age of Westminster real estate is 34 years old
The Rental Market in Westminster
- Renters make up 45.6% of the Westminster population
- 1.4% of houses and apartments in Westminster, 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.