Housing in Glen Echo, MD is significantly more expensive than the national median value. The median value for a home in Glen Echo, MD is $1,092,100 which is more than three times the US median of $338,100. The US housing market has seen a 1 year appreciation rate of 8.27%, however Glen Echo, MD has had a more moderate appreciation rate of 5.58%. This suggests that although the housing market in Glen Echo may be booming, it is not seeing as dramatic an increase as the national market.
The median home cost in Glen Echo is $1,092,100. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Glen Echo is up 11.3%.
Average Age of Homes
- The median age of Glen Echo real estate is 78 years old
The Rental Market in Glen Echo
- Renters make up 6.0% of the Glen Echo population
- 0.0% of houses and apartments in Glen Echo, 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.