University Park, MD is a desirable place to live, with a median housing value of $602,800. Although this is significantly higher than the US median value of $338,100, it's 1 year house appreciation rate of 6.91% is lower than the national average of 8.27%. Despite these statistics, University Park remains an attractive residential destination for many due to its great location and amenities.
The median home cost in University Park is $602,800. Home appreciation the last 10 years has been 86.5%. Home Appreciation in University Park is up 10.7%.
Average Age of Homes
- The median age of University Park real estate is 69 years old
The Rental Market in University Park
- Renters make up 11.7% of the University Park population
- 0.0% of houses and apartments in University Park, 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.