Zip 21540 (Luke, MD) Housing

The median value of housing in 21540 Luke, MD is $55,700, which is significantly lower than the US median house value of $338,100. However, the 1 year house appreciation rate in Luke is 17.95%, which is more than double the US average of 8.27%. This indicates that housing in Luke has been appreciating rapidly over the past year and could be a good investment opportunity for potential buyers.

The median home cost in Luke (zip 21540) is $55,700. Home appreciation the last 10 years has been 29.3%. Home Appreciation in Luke (zip 21540) is up 11.6%.

Average Age of Homes

- The median age of Luke (zip 21540) real estate is 78 years old

The Rental Market in Luke (zip 21540)

- Renters make up 23.8% of the Luke (zip 21540) population
- 7.3% of houses and apartments in Luke (zip 21540), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Luke, Maryland	United States
	55.0	139,647,020.0
	63	42
	$55,700	$338,100
	11.6%	16.6%
	33.2%	57.0%
	29.3%	101.1%
	$11.90	$10.98
	$550	$2,690
	30.9%	57.4%
	54.5%	11.2%
	14.5%	31.4%
Vacant Housing
	7.3%	1.9%
	0.0%	0.4%
	7.3%	0.7%
	0.0%	0.4%
	9.1%	3.6%
	30.9%	4.1%
Value of Owner-Occupied Housing
	5.9%	2.6%
	64.7%	2.4%
	5.9%	2.8%
	11.8%	3.9%
	0.0%	4.5%
	5.9%	11.3%
	0.0%	13.0%
	5.9%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.0%	13.6%
	0.0%	13.6%
	1.8%	13.6%
	0.0%	13.2%
	0.0%	14.8%
	1.8%	13.6%
	14.5%	10.0%
	9.1%	4.7%
	67.3%	12.2%

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