The housing market in Baltimore-Columbia-Towson, MD Metro Area is doing well, with the median value of houses reaching $359,900. This is significantly higher than the US median house value of $338,100. The appreciation rate of houses in the area is also higher than average at 9.68%. This strong performance has continued for more than a year, as the overall US 1 year house appreciation rate stands at 8.27%. These figures indicate that Baltimore-Columbia-Towson, MD Metro Area is a good place to invest in real estate and shows a healthy growth in property values.
The median home cost in Baltimore-Columbia-Towson Metro Area is $359,900. Home appreciation the last 10 years has been 53.1%. Home Appreciation in Baltimore-Columbia-Towson Metro Area is up 9.9%.
Average Age of Homes
- The median age of Baltimore-Columbia-Towson Metro Area real estate is 44 years old
The Rental Market in Baltimore-Columbia-Towson Metro Area
- Renters make up 30.4% of the Baltimore-Columbia-Towson Metro Area population
- 2.0% of houses and apartments in Baltimore-Columbia-Towson Metro Area, 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.