The housing market in Lanham, MD is quite healthy and has remained relatively stable over the past year. The median value of a house in Lanham is $384,400 which is slightly higher than the national median value of $338,100. Additionally, the US house appreciation rate for the past year stands at 8.27%, while houses in Lanham have appreciated 6.91%, which suggests that real estate investment in this area may be a wise choice for those looking to purchase or rent property. Overall, Lanham provides a safe and secure area with relatively high home values when compared to other parts of the country.
The median home cost in Lanham is $384,400. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Lanham is up 10.7%.
Average Age of Homes
- The median age of Lanham real estate is 51 years old
The Rental Market in Lanham
- Renters make up 19.1% of the Lanham population
- 0.7% of houses and apartments in Lanham, 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.