The housing in Solomons, MD is very expensive compared to the national median. The median value of a house in the area is $426,500 while the national median is $338,100. Despite this, houses in Solomons have still seen strong appreciation over the last year with a growth rate of 7.62%. This is slightly lower than the US average of 8.27% but still indicates healthy growth in the housing market of Solomons.
The median home cost in Solomons is $426,500. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Solomons is up 12.7%.
Average Age of Homes
- The median age of Solomons real estate is 22 years old
The Rental Market in Solomons
- Renters make up 37.2% of the Solomons population
- 5.2% of houses and apartments in Solomons, 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.