The housing market in Trappe, MD is doing well, with the median value of homes being higher than the national average. The appreciation rate on houses in Trappe is also higher than the nation-wide average at 9.21%, compared to 8.27%. This indicates that housing prices are increasing quickly and that now may be a good time to invest in real estate in Trappe. With this increase in value, potential homeowners can benefit from investing in Trappe's housing market despite its high median value.
The median home cost in Trappe is $339,100. Home appreciation the last 10 years has been 56.7%. Home Appreciation in Trappe is up 14.5%.
Average Age of Homes
- The median age of Trappe real estate is 41 years old
The Rental Market in Trappe
- Renters make up 32.8% of the Trappe population
- 2.6% of houses and apartments in Trappe, 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.