Lochearn, MD has a median housing value of $261,500 which is significantly lower than the US median house value of $338,100. Despite this difference in prices, the one year appreciation rate for houses in Lochearn, MD is 8.83%, just above the national average of 8.27%. This indicates that housing values in Lochearn are growing slightly faster than the national average and may be an attractive option for potential home buyers looking to find value for their money.
The median home cost in Lochearn is $261,500. Home appreciation the last 10 years has been 52.0%. Home Appreciation in Lochearn is up 8.8%.
Average Age of Homes
- The median age of Lochearn real estate is 58 years old
The Rental Market in Lochearn
- Renters make up 31.3% of the Lochearn population
- 1.8% of houses and apartments in Lochearn, 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.