The housing market in Westernport, MD is booming, with the median value of houses currently at $78,700. This is significantly lower than the U.S. median value of $338,100, but this market has seen a much larger appreciation rate over the last year than the national average. The US 1 year House Appreciation rate is 8.27%, while in Westernport it has been 17.95%. This strong growth indicates that Westernport's housing market is going strong and will continue to be a good investment for those looking to buy or rent in the area.
The median home cost in Westernport is $78,700. Home appreciation the last 10 years has been 29.3%. Home Appreciation in Westernport is up 11.6%.
Average Age of Homes
- The median age of Westernport real estate is 77 years old
The Rental Market in Westernport
- Renters make up 19.0% of the Westernport population
- 1.5% of houses and apartments in Westernport, 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.