The housing market in Mount Rainier, MD is thriving. The median value of a house in the area is $458,500 which is much higher than the US median value of $338,100. Over the last year, the appreciation rate for houses in Mount Rainier has been 6.91%, slightly lower than the national average of 8.27%. This indicates that the housing market in Mount Rainier is doing well and is worth investing in.
The median home cost in Mount Rainier is $458,500. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Mount Rainier is up 10.7%.
Average Age of Homes
- The median age of Mount Rainier real estate is 63 years old
The Rental Market in Mount Rainier
- Renters make up 66.6% of the Mount Rainier population
- 2.6% of houses and apartments in Mount Rainier, 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.