The housing market in Spring Ridge, MD is quite stable with the median value of homes being $437,300. This is slightly higher than the US median house value of $338,100. Although the US enjoyed a one year appreciation rate of 8.27%, Spring Ridge's appreciation was slightly lower at 7.84%. Despite this slight difference in appreciation rates, it appears that the market in Spring Ridge remains healthy and attractive for potential homeowners.
The median home cost in Spring Ridge is $437,300. Home appreciation the last 10 years has been 62.2%. Home Appreciation in Spring Ridge is up 11.5%.
Average Age of Homes
- The median age of Spring Ridge real estate is 20 years old
The Rental Market in Spring Ridge
- Renters make up 24.8% of the Spring Ridge population
- 0.0% of houses and apartments in Spring Ridge, 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.