The housing market in Dorchester, MD County is thriving. The median value for a house in the area is currently $234,700, which is less than the national average of $338,100. However, it has seen some significant appreciation over the past year with an increase of 14.42%, higher than the national average of 8.27%. This suggests that Dorchester County is a great place to invest in real estate right now and will likely continue to be attractive to buyers in the future.
The median home cost in Dorchester County is $234,700. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Dorchester County is up 14.5%.
Average Age of Homes
- The median age of Dorchester County real estate is 43 years old
The Rental Market in Dorchester County
- Renters make up 27.5% of the Dorchester County population
- 1.5% of houses and apartments in Dorchester 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.