Washington Grove, MD is an affluent community located in Montgomery County. It has a median housing value of $539,400, which is significantly higher than the US median housing value of $338,100. While the nationwide 1-year house appreciation rate was 8.27%, the 1-year house appreciation rate in Washington Grove was 5.58%. This indicates that Washington Grove real estate is highly sought after and is appreciating at a slower rate than the rest of the nation. With its desirable location and high median housing prices, it's no surprise that Washington Grove remains a popular destination for home buyers looking for luxury living.
The median home cost in Washington Grove is $539,400. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Washington Grove is up 11.3%.
Average Age of Homes
- The median age of Washington Grove real estate is 66 years old
The Rental Market in Washington Grove
- Renters make up 8.9% of the Washington Grove population
- 0.0% of houses and apartments in Washington Grove, 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.