Galena, MD is a great place to live due to its high housing median value of $352,400. This is considerably higher than the US house median value of $338,100. Furthermore, the one year house appreciation in Galena, MD is 9.21%, which is higher than the US 1 year house appreciation of 8.27%. These figures indicate that there is an increasing demand for housing in Galena and this trend looks set to continue. Therefore, it seems likely that anyone considering buying a home in Galena should do so soon in order to take advantage of the current market conditions.
The median home cost in Galena is $352,400. Home appreciation the last 10 years has been 56.7%. Home Appreciation in Galena is up 14.5%.
Average Age of Homes
- The median age of Galena real estate is 28 years old
The Rental Market in Galena
- Renters make up 22.2% of the Galena population
- 2.0% of houses and apartments in Galena, 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.