Rock Point, MD is an affluent area, with a housing median value that is nearly 14% higher than the United States average. This indicates that the housing market in Rock Point is strong and stable. In the last year, the appreciation rate of 7.62% is slightly lower than that of the US but still demonstrates growth and potential for investors as well as homeowners. The overall stability of the Rock Point housing market makes it an attractive place to live and invest in real estate.
The median home cost in Rock Point is $387,400. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Rock Point is up 12.7%.
Average Age of Homes
- The median age of Rock Point real estate is 15 years old
The Rental Market in Rock Point
- Renters make up 36.7% of the Rock Point population
- 0.0% of houses and apartments in Rock Point, 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.