Elkridge, MD is an attractive place to purchase a home, as evidenced by its median housing value of $435,300. This is significantly higher than the US median house value of $338,100. The housing appreciation rate in Elkridge is 8.62% compared to the US average of 8.27%. This demonstrates that homebuyers in Elkridge are increasingly seeing their investments increase in value over time. It is clear that purchasing a home in Elkridge is a wise investment for any prospective homeowner looking to capitalize on this market trend.
The median home cost in Elkridge is $435,300. Home appreciation the last 10 years has been 49.5%. Home Appreciation in Elkridge is up 10.6%.
Average Age of Homes
- The median age of Elkridge real estate is 19 years old
The Rental Market in Elkridge
- Renters make up 29.5% of the Elkridge population
- 0.6% of houses and apartments in Elkridge, 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.