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Spring Gap, MD Housing
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United States
/
Maryland
/
Cumberland Metro Area
/
Allegany County
/ Spring Gap /
Zip Codes
EXPLORE SPRING GAP
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The housing market in Spring Gap, MD is currently booming with a median value of $194,800. This is significantly lower than the US House Median Value of $338,100, but has seen almost double the appreciation rate of 8.27% compared to the national average over the past year. Those looking to invest in Spring Gap's housing market stand to benefit from high returns on investment as prices are expected to continue climbing in the coming months.
Median Monthly Rent by Number of Bedrooms
Housing by Year Built
Housing
Spring Gap, Maryland
United States
Number of Homes
27.0
139,647,020.0
Median Home Age
38
42
Median Home Cost
$194,800
$338,100
Home Appr. Last 12 months
11.6%
16.6%
Home Appr. Last 5 yrs.
33.2%
57.0%
Home Appr. Last 10 yrs.
29.3%
101.1%
Property Tax Rate
$11.90
$10.98
Property Taxes Paid
$2,786
$2,690
Homes Owned
100.0%
57.4%
Housing Vacant
0.0%
11.2%
Homes Rented
0.0%
31.4%
Vacant Housing
Vacant For Rent
0.0%
1.9%
Vacant Rented
0.0%
0.4%
Vacant For Sale
0.0%
0.7%
Vacant Sold
0.0%
0.4%
Vacant Vacation
0.0%
3.6%
Vacant Other
0.0%
4.1%
Value of Owner-Occupied Housing
Less Than $20,000
0.0%
2.6%
$20,000 to $39,999
0.0%
2.4%
$40,000 to $59,999
0.0%
2.8%
$60,000 to $79,999
0.0%
3.9%
$80,000 to $99,999
29.6%
4.5%
$100,000 to $149,999
0.0%
11.3%
$150,000 to $199,999
25.9%
13.0%
$200,000 to $299,999
44.4%
20.1%
$300,000 to $399,999
0.0%
13.6%
$400,000 to $499,999
0.0%
8.3%
$500,000 to $749,999
0.0%
9.7%
$750,000 to $999,999
0.0%
3.9%
$1,000,000 to $1,499,999
0.0%
2.2%
$1,500,000 to $1,999,999
0.0%
0.8%
$2,000,000 and over
0.0%
1.1%
Housing Units by Year Structure Built
2014 and newer
0.0%
0.2%
2010 to 2013
0.0%
13.6%
2000 to 2009
0.0%
13.6%
1990 to 1999
0.0%
13.6%
1980 to 1989
70.4%
13.2%
1970 to 1979
0.0%
14.8%
1960 to 1969
0.0%
13.6%
1950 to 1959
0.0%
10.0%
1940 to 1949
0.0%
4.7%
1939 or Earlier
29.6%
12.2%
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