Big Spring, MD is an attractive area for housing due to its affordable median value of $297,500, which is much lower than the US House Median Value of $338,100. In addition to the lower cost of housing, Big Spring has also seen a decent appreciation rate of 7.84% in the last year, lagging slightly behind the national average of 8.27%. The combination of the lower cost and respectable house appreciation makes Big Spring a great choice for those looking for an affordable place to live with a reasonable return on investment.
The median home cost in Big Spring is $297,500. Home appreciation the last 10 years has been 62.2%. Home Appreciation in Big Spring is up 11.5%.
Average Age of Homes
- The median age of Big Spring real estate is 78 years old
The Rental Market in Big Spring
- Renters make up 28.6% of the Big Spring population
- 0.0% of houses and apartments in Big Spring, 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.