Lake Shore, MD is a beautiful town with a high cost of living. The median value of housing in Lake Shore is significantly higher than the national average at $468,700 compared to $338,100. Despite the high median value, Lake Shore has seen moderate house appreciation over the past year, at 7.76%, which is slightly lower than the national average of 8.27%. This slower rate of appreciation could indicate that the market in Lake Shore may be cooling down. Overall, Lake Shore remains an attractive place for homebuyers and those looking to invest in real estate.
The median home cost in Lake Shore is $468,700. Home appreciation the last 10 years has been 51.9%. Home Appreciation in Lake Shore is up 10.4%.
Average Age of Homes
- The median age of Lake Shore real estate is 39 years old
The Rental Market in Lake Shore
- Renters make up 6.9% of the Lake Shore population
- 3.0% of houses and apartments in Lake Shore, 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.