Cottage City, MD is a great place to live, with a median home value of $349,600. This value is slightly higher than the US house median value of $338,100 and indicates that housing in Cottage City is more desirable than the national average. Although the US has seen an 8.27% appreciation in house values in the last year, Cottage City has only seen a 6.91% appreciation rate in the same timeframe. Despite this lower rate of appreciation, Cottage City's housing market remains strong and continues to be an attractive option for potential buyers looking for their dream home.
The median home cost in Cottage City is $349,600. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Cottage City is up 10.7%.
Average Age of Homes
- The median age of Cottage City real estate is 67 years old
The Rental Market in Cottage City
- Renters make up 30.8% of the Cottage City population
- 1.9% of houses and apartments in Cottage City, 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.