The housing market in 20653 Lexington Park, Maryland is quite strong. The median value for homes in the area is $340,700, which is slightly higher than the US median value of $338,100. The appreciation rate for homes in the area over the past year was 7.62%, which is just slightly lower than the national average of 8.27%. Given this data and considering other factors such as location, nearby amenities, and school districts, it's clear that buying a home in 20653 Lexington Park would be a solid investment for any potential homeowner.
The median home cost in Lexington Park (zip 20653) is $340,700. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Lexington Park (zip 20653) is up 12.7%.
Average Age of Homes
- The median age of Lexington Park (zip 20653) real estate is 26 years old
The Rental Market in Lexington Park (zip 20653)
- Renters make up 40.4% of the Lexington Park (zip 20653) population
- 3.1% of houses and apartments in Lexington Park (zip 20653), 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.