The housing market in Temple Hills, MD is slightly lagging behind the national median value, with a median value of $311,900. Although the appreciation rate for homes in this area over the past year has been 6.91%, which is lower than the national average of 8.27%, it still indicates an overall healthy real estate market. This could be due to factors such as local economic stability or attractive amenities that many people find favorable. With its close proximity to nearby cities and friendly neighborhoods, Temple Hills is an ideal place to invest in real estate and continue to see growth in value over time.
The median home cost in Temple Hills is $311,900. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Temple Hills is up 10.7%.
Average Age of Homes
- The median age of Temple Hills real estate is 40 years old
The Rental Market in Temple Hills
- Renters make up 60.2% of the Temple Hills population
- 7.0% of houses and apartments in Temple Hills, 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.