The housing market in Newark, MD is booming. The median value of homes in the area is currently $676,000, significantly higher than the U.S. median house value of $338,100. What's even more impressive is that home values have appreciated an impressive 14.76% over the last year, a rate much higher than the 8.27% national average for this same period. This data indicates that now may be the perfect time to invest in a home in Newark, MD for those looking to get into the market and capitalize on its current strength.
The median home cost in Newark is $676,000. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Newark is up 14.0%.
Average Age of Homes
- The median age of Newark real estate is 57 years old
The Rental Market in Newark
- Renters make up 5.2% of the Newark population
- 0.0% of houses and apartments in Newark, 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.