The housing market in La Plata, MD is strong and desirable. The median house value is $447,500 which is significantly higher than the US median of $338,100. Furthermore, La Plata's house appreciation rate over the last year was 7.62% which was slightly lower than the national rate of 8.27%. This suggests that the demand for housing in La Plata is staying relatively consistent and that it may be a great place to invest in real estate.
The median home cost in La Plata is $447,500. Home appreciation the last 10 years has been 55.5%. Home Appreciation in La Plata is up 12.7%.
Average Age of Homes
- The median age of La Plata real estate is 26 years old
The Rental Market in La Plata
- Renters make up 29.7% of the La Plata population
- 6.1% of houses and apartments in La Plata, 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.