The housing market in Somerset County, Maryland is booming. The median value of homes is $167,900 which is significantly lower than the US House median value of $338,100. In the last year alone, house appreciation in Somerset County was 9.21% compared to the US 1 year house appreciation rate of 8.27%. This shows that Somerset County is a great choice for those looking to invest in or purchase property as it has been steadily increasing in value over time and provides an opportunity for homeowners and investors alike to benefit from a strong return on their investments.
The median home cost in Somerset County is $167,900. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Somerset County is up 14.0%.
Average Age of Homes
- The median age of Somerset County real estate is 38 years old
The Rental Market in Somerset County
- Renters make up 26.9% of the Somerset County population
- 1.7% of houses and apartments in Somerset 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.