The housing market in 20874 Germantown, MD is doing well with a median value of $382,000. This is slightly above the US house median value of $338,100, indicating it is a competitive area for housing. The US house appreciation rate over the last year was 8.27% and the appreciation rate in this particular area was 5.58%. This indicates that while the area has appreciated significantly it may be cooling off a bit as compared to other areas in the country.
The median home cost in Germantown (zip 20874) is $382,000. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Germantown (zip 20874) is up 11.3%.
Average Age of Homes
- The median age of Germantown (zip 20874) real estate is 29 years old
The Rental Market in Germantown (zip 20874)
- Renters make up 32.6% of the Germantown (zip 20874) population
- 1.2% of houses and apartments in Germantown (zip 20874), 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.