Mitchellville, MD is known for its affluent housing market. With a median value of $433,500, the housing in Mitchellville is significantly higher than the national median value of $338,100. While the US housing appreciation rate over one year was 8.27%, the appreciation rate in Mitchellville was slightly lower at 6.91%. This still means that homeowners in Mitchellville can expect to see an increase in their property values over time.
The median home cost in Mitchellville is $433,500. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Mitchellville is up 10.7%.
Average Age of Homes
- The median age of Mitchellville real estate is 29 years old
The Rental Market in Mitchellville
- Renters make up 8.4% of the Mitchellville population
- 0.2% of houses and apartments in Mitchellville, 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.