The housing market in Melwood, MD is quite lucrative, with the median value of homes at $404,200—nearly 20% higher than the US House Median Value of $338,100. Over the last year, the US housing market has appreciated by 8.27%, while Melwood’s appreciation rate was slightly lower at 6.91%. This indicates that there is a lot of demand for homes in this area and could be a great investment opportunity for potential homeowners.
The median home cost in Melwood is $404,200. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Melwood is up 10.7%.
Average Age of Homes
- The median age of Melwood real estate is 23 years old
The Rental Market in Melwood
- Renters make up 16.9% of the Melwood population
- 0.0% of houses and apartments in Melwood, 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.