The housing market in Mechanicsville, MD is quite strong. The median value of homes in the area is $378,200, which is significantly higher than the US median value of $338,100. In addition, the one-year appreciation rate for houses in Mechanicsville is 7.62%, which is just a bit lower than the national average of 8.27%. This shows us that home values are increasing at a steady rate and make buying a home an attractive option in this community.
The median home cost in Mechanicsville is $378,200. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Mechanicsville is up 12.7%.
Average Age of Homes
- The median age of Mechanicsville real estate is 26 years old
The Rental Market in Mechanicsville
- Renters make up 19.0% of the Mechanicsville population
- 0.0% of houses and apartments in Mechanicsville, 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.