Salisbury, MD is a great place to buy a home due to the affordable median value of $221,500. Compared to the US House Median Value of $338,100, Salisbury’s median value is much lower. The US 1 year house appreciation rate is 8.27%, however, in Salisbury the 1 year house appreciation rate is 14.76%. This means that housing prices are increasing at a higher rate than the national average in Salisbury, making it an excellent investment opportunity for potential homeowners.
The median home cost in Salisbury is $221,500. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Salisbury is up 14.0%.
Average Age of Homes
- The median age of Salisbury real estate is 34 years old
The Rental Market in Salisbury
- Renters make up 56.5% of the Salisbury population
- 3.1% of houses and apartments in Salisbury, 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.