The housing market in Damascus, MD is healthy and growing steadily. The median value of homes is $476,400, which is significantly higher than the US median value of $338,100. This amount has increased year over year by 5.58%, which is slightly lower than the national average appreciation rate of 8.27%. With a strong housing market that provides good returns on investment, Damascus is an attractive place to call home.
The median home cost in Damascus is $476,400. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Damascus is up 11.3%.
Average Age of Homes
- The median age of Damascus real estate is 32 years old
The Rental Market in Damascus
- Renters make up 9.3% of the Damascus population
- 0.6% of houses and apartments in Damascus, 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.