McDermott, OH is a great place to invest in housing. The median value of homes in McDermott is $132,600 which is significantly lower than the national median house value of $338,100. Moreover, the one-year appreciation rate for houses in McDermott was 11.89% which was above the national average of 8.27%. Therefore, investing in housing in McDermott makes more sense due to its lower price point and higher potential for appreciation.
The median home cost in McDermott is $132,600. Home appreciation the last 10 years has been 56.3%. Home Appreciation in McDermott is up 13.7%.
Average Age of Homes
- The median age of McDermott real estate is 75 years old
The Rental Market in McDermott
- Renters make up 59.6% of the McDermott population
- 0.0% of houses and apartments in McDermott, 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.