The housing situation in Caroline, MD County is quite impressive. The median home value is currently $269,400, which is much lower than the US median of $338,100. This makes it an attractive option for those looking to buy a home at an affordable price. Despite having a slightly lower median value, Caroline County still saw a steady appreciation rate of 8.62% over the course of one year when compared with the national average of 8.27%. This demonstrates that Caroline County is still a desirable location for real estate and is likely to continue being so in the future.
The median home cost in Caroline County is $269,400. Home appreciation the last 10 years has been 56.7%. Home Appreciation in Caroline County is up 14.5%.
Average Age of Homes
- The median age of Caroline County real estate is 39 years old
The Rental Market in Caroline County
- Renters make up 25.6% of the Caroline County population
- 0.3% of houses and apartments in Caroline 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.