The housing market in Owings, MD is strong, with the median value of homes being $533,000. This is significantly higher than the median house value nationally which is currently at $338,100. The US has experienced an 8.27% appreciation rate in house values over the past year. In Owings, MD however, the appreciation rate has been even higher at 6.91%, suggesting that this location is a desirable place to buy a home in terms of potential for increased value.
The median home cost in Owings is $533,000. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Owings is up 10.7%.
Average Age of Homes
- The median age of Owings real estate is 22 years old
The Rental Market in Owings
- Renters make up 6.9% of the Owings population
- 0.0% of houses and apartments in Owings, 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.