Germantown, MD is a desirable area to live with its median home value of $378,800. This is much higher than the US median home value of $338,100. Despite the high housing prices, Germantown has seen an appreciation rate of 5.58%, which is lower than the national average rate of 8.27%. While not as high as some other areas in Maryland, this appreciation rate still makes Germantown an attractive place to invest in real estate.
The median home cost in Germantown is $378,800. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Germantown is up 11.3%.
Average Age of Homes
- The median age of Germantown real estate is 27 years old
The Rental Market in Germantown
- Renters make up 31.4% of the Germantown population
- 1.2% of houses and apartments in Germantown, 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.