The housing market in Midlothian, MD is relatively strong compared to the US. The median value of homes in Midlothian stands at $180,700, which is lower than the national average median home value of $338,100. Additionally, while the US experienced a 1 year house appreciation rate of 8.27%, that rate was nearly doubled in Midlothian with a 1 year house appreciation of 17.95%. This indicates that investing in real estate in Midlothian is potentially lucrative and could be a good option for those looking to invest in the housing market.
The median home cost in Midlothian is $180,700. Home appreciation the last 10 years has been 29.3%. Home Appreciation in Midlothian is up 11.6%.
Average Age of Homes
- The median age of Midlothian real estate is 45 years old
The Rental Market in Midlothian
- Renters make up 0.0% of the Midlothian population
- 0.0% of houses and apartments in Midlothian, 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.