The housing market in Vale Summit, MD has been booming over the past year. The median value of homes in Vale Summit is $250,900, which is significantly lower than the US house median value of $338,100. However, what's really impressive is the one-year house appreciation rate in Vale Summit which stands at 17.95%, higher than the US one-year house appreciation rate of 8.27%. This shows that Vale Summit has become an attractive place for people looking to invest in real estate and provides a great opportunity for homeowners to benefit from increasing home values.
The median home cost in Vale Summit is $250,900. Home appreciation the last 10 years has been 29.3%. Home Appreciation in Vale Summit is up 11.6%.
Average Age of Homes
- The median age of Vale Summit real estate is 40 years old
The Rental Market in Vale Summit
- Renters make up 0.0% of the Vale Summit population
- 0.0% of houses and apartments in Vale Summit, 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.