Lake Arbor is a beautiful town situated in Maryland that is known for its vibrant and lively atmosphere. The housing median value in Lake Arbor is $394,400, which is slightly higher than the US House Median Value of $338,100. Although the US House Appreciation rate over one year was 8.27%, the appreciation rate in Lake Arbor was slightly lower at 6.91%. Despite this difference, the housing in Lake Arbor remains one of the most sought-after real estate markets due to its desirable location and high property values.
The median home cost in Lake Arbor is $394,400. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Lake Arbor is up 10.7%.
Average Age of Homes
- The median age of Lake Arbor real estate is 23 years old
The Rental Market in Lake Arbor
- Renters make up 29.1% of the Lake Arbor population
- 2.7% of houses and apartments in Lake Arbor, 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.