Kemp Mill, MD is a great place to live as the housing median value is currently $539,500. This is considerably higher than the US house median value of $338,100. Despite having higher values than the US average, Kemp Mill’s 1 year housing appreciation rate is relatively low at 2.33%, compared to the national average of 8.27%. Therefore, while Kemp Mill has a relatively high median value for homes in the area, prospective homeowners can expect a slower return on investment when purchasing real estate in this area.
The median home cost in Kemp Mill is $539,500. Home appreciation the last 10 years has been 59.7%. Home Appreciation in Kemp Mill is up 9.1%.
Average Age of Homes
- The median age of Kemp Mill real estate is 54 years old
The Rental Market in Kemp Mill
- Renters make up 17.5% of the Kemp Mill population
- 0.9% of houses and apartments in Kemp Mill, 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.