Eldersburg, MD is an affluent area within Maryland where the median housing value is significantly higher than the national average. The median house value in Eldersburg is $469,400, which is almost 40% higher than the US House Median Value of $338,100. Although the 1 year appreciation of house values nationally stands at 8.27%, in Eldersburg it stands at 7.84%. This suggests that while there has been a considerable increase in house values over the past year, it has not been as large as one might expect given the high median housing price.
The median home cost in Eldersburg is $469,400. Home appreciation the last 10 years has been 61.4%. Home Appreciation in Eldersburg is up 11.4%.
Average Age of Homes
- The median age of Eldersburg real estate is 32 years old
The Rental Market in Eldersburg
- Renters make up 10.3% of the Eldersburg population
- 0.8% of houses and apartments in Eldersburg, 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.