Summerfield, MD is a great city for housing with an impressive median value of $323,500. It is slightly lower than the US median house value of $338,100 but still quite high. Although the US has seen a 1 year house appreciation rate of 8.27%, Summerfield has only seen 6.91%. Nevertheless, it's still a good place to invest in housing and even though the growth rate may not be as high as other locations, it's still a great place to reside.
The median home cost in Summerfield is $323,500. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Summerfield is up 10.7%.
Average Age of Homes
- The median age of Summerfield real estate is 28 years old
The Rental Market in Summerfield
- Renters make up 39.4% of the Summerfield population
- 2.8% of houses and apartments in Summerfield, 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.