Clear Spring, MD is known for its affordable housing prices, with the median home value sitting at $289,400. This is significantly lower than the US House Median Value of $338,100. However, the area has still had an impressive house appreciation rate of 7.84% in the last year, which is only slightly lower than the US 1 year House Appreciation of 8.27%. These facts point to Clear Spring, MD being a great place to invest in real estate in order to reap both short and long-term rewards.
The median home cost in Clear Spring is $289,400. Home appreciation the last 10 years has been 62.2%. Home Appreciation in Clear Spring is up 11.5%.
Average Age of Homes
- The median age of Clear Spring real estate is 78 years old
The Rental Market in Clear Spring
- Renters make up 44.3% of the Clear Spring population
- 4.6% of houses and apartments in Clear Spring, 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.