The housing market in Parkville, MD is thriving. The median value of a house in the city stands at $242,700, which is much lower than the US House Median Value of $338,100. In addition to this, houses in Parkville have appreciated by 8.83% within the past year, compared to the national average of 8.27%. This shows that people are increasingly investing in real estate in this city. People looking to purchase a property can be confident that they are making a wise investment in Parkville.
The median home cost in Parkville is $242,700. Home appreciation the last 10 years has been 52.0%. Home Appreciation in Parkville is up 8.8%.
Average Age of Homes
- The median age of Parkville real estate is 61 years old
The Rental Market in Parkville
- Renters make up 34.6% of the Parkville population
- 3.4% of houses and apartments in Parkville, 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.