Lexington Park, MD is a thriving community just outside of the nation's capital. This rural town has seen an increase in housing prices over the past year with the median value being $336,300. While this is slightly lower than the US median of $338,100, it still indicates a healthy and robust housing market that has appreciated by 7.62%, just under the national average of 8.27%. The increasing prices demonstrate that Lexington Park is a desirable place to live for many families, and there are plenty of opportunities for growth in this area.
The median home cost in Lexington Park is $336,300. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Lexington Park is up 12.7%.
Average Age of Homes
- The median age of Lexington Park real estate is 26 years old
The Rental Market in Lexington Park
- Renters make up 47.6% of the Lexington Park population
- 4.3% of houses and apartments in Lexington Park, 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.