Hancock, MD is a great place to live with a median house value of $193,200. This is significantly lower than the US median house value of $338,100. While the US has seen an 8.27% appreciation in housing values over the past year, Hancock's 1 year appreciation rate is slightly lower at 7.84%. Despite the slightly lower rate of appreciation, it is still a great place to live and purchase property in Hancock given its lower median price and strong potential for lucrative returns on investments.
The median home cost in Hancock is $193,200. Home appreciation the last 10 years has been 62.2%. Home Appreciation in Hancock is up 11.5%.
Average Age of Homes
- The median age of Hancock real estate is 65 years old
The Rental Market in Hancock
- Renters make up 39.2% of the Hancock population
- 3.1% of houses and apartments in Hancock, 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.