The housing market in Talbot, MD County is quite strong, with the median value of houses being $397,400. This is higher than the US median house value of $338,100. In terms of appreciation over the past year, houses in Talbot have appreciated by 7.84%, which is slightly lower than the 8.27% appreciation rate across the US. This indicates that Talbot is a great place to invest in real estate as it offers good value for money and strong returns on investment.
The median home cost in Talbot County is $397,400. Home appreciation the last 10 years has been 56.7%. Home Appreciation in Talbot County is up 14.5%.
Average Age of Homes
- The median age of Talbot County real estate is 35 years old
The Rental Market in Talbot County
- Renters make up 24.3% of the Talbot County population
- 0.5% of houses and apartments in Talbot 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.