Smith Island, MD is a small island located off the coast of Maryland. It has recently become a popular destination for those looking to escape the hustle and bustle of city life. As a result, the housing market in Smith Island, MD has seen an increase in median value from $130,300 to $338,100 over the past year. This is almost double the national average of 8.27%, with Smith Island's house appreciation rate at 14.76%. The increasing housing demand has made it an attractive option for buyers looking for more affordable homes near the beach or other recreational activities that Smith Island offers. With its close proximity to larger cities and growing popularity amongst travelers, Smith Island is quickly becoming one of the hottest real estate markets in Maryland.
The median home cost in Smith Island is $130,300. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Smith Island is up 14.0%.
Average Age of Homes
- The median age of Smith Island real estate is 59 years old
The Rental Market in Smith Island
- Renters make up 2.6% of the Smith Island population
- 0.0% of houses and apartments in Smith Island, 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.