The housing market in Chance, MD has experienced strong growth over the past year. The median value of homes in the area is currently $226,100, which is significantly lower than the US median house value of $338,100. However, this affordability is accompanied by a higher rate of appreciation for homes in Chance - 14.76%, compared to 8.27% nationally. This indicates that investment in housing in Chance is likely to yield strong returns for buyers.
The median home cost in Chance is $226,100. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Chance is up 14.0%.
Average Age of Homes
- The median age of Chance real estate is 36 years old
The Rental Market in Chance
- Renters make up 1.1% of the Chance population
- 0.0% of houses and apartments in Chance, 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.