The housing market in Friendship, MD is quite strong, with the median value of $501,400 being significantly higher than the US median value of $338,100. Though the US house appreciation rate last year was 8.27%, House appreciation last year in Friendship, MD was 6.91%. This indicates that the housing market in Friendship has remained resilient and continues to offer good returns on investments. With a high median value and increasing appreciation rates, this makes Friendship an attractive option for potential home buyers.
The median home cost in Friendship is $501,400. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Friendship is up 10.7%.
Average Age of Homes
- The median age of Friendship real estate is 42 years old
The Rental Market in Friendship
- Renters make up 11.6% of the Friendship population
- 0.0% of houses and apartments in Friendship, 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.