California-Lexington Park Metro Area, MD Housing

The housing market in the California-Lexington Park, MD Metro Area is very strong with a median value of $358,100, which is slightly higher than the US median value of $338,100. Over the past year, house appreciation has been particularly high in this area at 14.76%, much higher than the US average of 8.27%. This indicates that there is a healthy demand for housing in this area and it is likely to remain so in the future.

The median home cost in California-Lexington Park Metro Area is $358,100. Home appreciation the last 10 years has been 55.5%. Home Appreciation in California-Lexington Park Metro Area is up 12.7%.

Average Age of Homes

- The median age of California-Lexington Park Metro Area real estate is 28 years old

The Rental Market in California-Lexington Park Metro Area

- Renters make up 24.6% of the California-Lexington Park Metro Area population
- 1.4% of houses and apartments in California-Lexington Park Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	California-Lexington Park, Maryland	United States
	45,138.0	139,647,020.0
	30	42
	$358,100	$338,100
	12.7%	16.6%
	43.1%	57.0%
	55.5%	101.1%
	$9.42	$10.98
	$3,078	$2,690
	63.9%	57.4%
	10.9%	11.2%
	25.2%	31.4%
Vacant Housing
	1.4%	1.9%
	0.9%	0.4%
	1.5%	0.7%
	0.3%	0.4%
	3.0%	3.6%
	3.8%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	1.4%	2.4%
	0.5%	2.8%
	0.8%	3.9%
	0.3%	4.5%
	4.5%	11.3%
	4.4%	13.0%
	28.8%	20.1%
	26.1%	13.6%
	17.0%	8.3%
	10.5%	9.7%
	2.1%	3.9%
	0.9%	2.2%
	0.2%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	19.8%	13.6%
	19.8%	13.6%
	19.1%	13.6%
	16.0%	13.2%
	15.0%	14.8%
	19.1%	13.6%
	4.2%	10.0%
	3.5%	4.7%
	3.9%	12.2%

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