Jessup, MD has a median housing value of $451,200 which is significantly higher than the US median value of $338,100. Despite experiencing a slightly lower level of appreciation rate than the US average at 6.91%, Jessup’s households still saw an increase in their property values over the past year. This could be due to the community being close to Baltimore and Washington DC as well as its convenient access to popular transportation routes such as the MARC train and I-95 highway making it an attractive option for homebuyers.
The median home cost in Jessup is $451,200. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Jessup is up 10.7%.
Average Age of Homes
- The median age of Jessup real estate is 36 years old
The Rental Market in Jessup
- Renters make up 26.5% of the Jessup population
- 3.4% of houses and apartments in Jessup, 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.