Montgomery, MD County is known for having some of the highest housing median values in the United States. The current median value for a house in Montgomery, MD is $556,100 which is significantly higher than US House Median Value of $338,100. When looking at the recent 1 year appreciation rate for houses in Montgomery, MD it stands at 4.00%, which is much lower than the 8.27% appreciation rate across the nation. This data suggests that despite having some of the highest housing values in the US, Montgomery, MD County is not experiencing as high an appreciation rate as many other areas around the country.
The median home cost in Montgomery County is $556,100. Home appreciation the last 10 years has been 50.5%. Home Appreciation in Montgomery County is up 10.6%.
Average Age of Homes
- The median age of Montgomery County real estate is 39 years old
The Rental Market in Montgomery County
- Renters make up 31.8% of the Montgomery County population
- 1.5% of houses and apartments in Montgomery County, 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.