Potomac, MD is an affluent town located in the Washington D.C. metropolitan area. The median value of housing in Potomac, MD is currently $1,195,800 which is significantly higher than the US House Median Value of $338,100. While the US has seen a 1-year appreciation rate of 8.27%, Potomac's appreciation rate over the past year was slightly lower at 5.58%. Despite this slight dip in values, overall Potomac remains a desirable area to own real estate due to its strong economy and proximity to major cities such as Washington D.C. and Baltimore.
The median home cost in Potomac is $1,195,800. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Potomac is up 11.3%.
Average Age of Homes
- The median age of Potomac real estate is 41 years old
The Rental Market in Potomac
- Renters make up 12.3% of the Potomac population
- 0.2% of houses and apartments in Potomac, 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.