The housing market in 20872 Damascus, MD is very strong. The median house value in the area is $501,000, which is significantly higher than the US median house value of $338,100. In the last year, house values in Damascus have appreciated by 5.58%, which is lower than the US average of 8.27%. This suggests that while property prices are still increasing at a healthy rate, they may be starting to cool off slightly compared to national trends. Nevertheless, Damascus remains an attractive place to invest in real estate due to its strong housing market and desirable location.
The median home cost in Damascus (zip 20872) is $501,000. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Damascus (zip 20872) is up 11.3%.
Average Age of Homes
- The median age of Damascus (zip 20872) real estate is 34 years old
The Rental Market in Damascus (zip 20872)
- Renters make up 11.5% of the Damascus (zip 20872) population
- 0.7% of houses and apartments in Damascus (zip 20872), 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.