The housing market in 20886 Montgomery Village, MD is a strong one. The median value of homes currently stands at $347,800, which is higher than the US house median value of $338,100. Over the past year, the appreciation rate for homes in 20886 Montgomery Village has been 5.58%, lower than the US 1 year house appreciation rate of 8.27%. This indicates that while the market in 20886 Montgomery Village may be slower than some other areas, it is still a viable option for investment and potential owners.
The median home cost in Montgomery Village (zip 20886) is $347,800. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Montgomery Village (zip 20886) is up 11.3%.
Average Age of Homes
- The median age of Montgomery Village (zip 20886) real estate is 37 years old
The Rental Market in Montgomery Village (zip 20886)
- Renters make up 25.3% of the Montgomery Village (zip 20886) population
- 0.9% of houses and apartments in Montgomery Village (zip 20886), 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.