Oldtown, MD is a great place to invest in property due to its high appreciation rate. The median housing value in Oldtown, MD is $158,100 which is much lower than the US median of $338,100. Despite the lower house value, the 1 year appreciation of houses in Oldtown, MD is 17.95%, significantly higher than the 8.27% national average. This makes Oldtown an attractive destination for those looking to make a quick return on their real estate investments.
The median home cost in Oldtown is $158,100. Home appreciation the last 10 years has been 29.3%. Home Appreciation in Oldtown is up 11.6%.
Average Age of Homes
- The median age of Oldtown real estate is 78 years old
The Rental Market in Oldtown
- Renters make up 42.1% of the Oldtown population
- 51.8% of houses and apartments in Oldtown, 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.