The housing market in Edgewood, MD is doing well compared to the US average. The median value of houses in Edgewood is $237,700, which is significantly lower than the US median house value of $338,100. On top of that, the 1 year house appreciation rate for Edgewood was 8.62%, which is slightly higher than the US 1 year house appreciation rate of 8.27%. This indicates that the housing market in Edgewood is doing better than other parts of the country overall.
The median home cost in Edgewood is $237,700. Home appreciation the last 10 years has been 49.5%. Home Appreciation in Edgewood is up 10.6%.
Average Age of Homes
- The median age of Edgewood real estate is 36 years old
The Rental Market in Edgewood
- Renters make up 30.0% of the Edgewood population
- 2.5% of houses and apartments in Edgewood, 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.