Garrett Park, MD is a quaint community located near Washington DC with a median housing value of $980,700. This is significantly higher than the US median housing value of $338,100 and shows that Garrett Park is an affluent area. Although the one year appreciation rate for US housing was 8.27%, the appreciation rate in Garrett Park was only 5.58%. This indicates that the market in Garrett Park is more stable than other areas across the country. As a result, those looking to invest in real estate may find Garrett Park to be an attractive option.
The median home cost in Garrett Park is $980,700. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Garrett Park is up 11.3%.
Average Age of Homes
- The median age of Garrett Park real estate is 64 years old
The Rental Market in Garrett Park
- Renters make up 10.7% of the Garrett Park population
- 0.0% of houses and apartments in Garrett Park, 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.