The housing market in 20712 Mount Rainier, MD is highly desirable due to its median value of $439,600 which is significantly higher than the US House median value of $338,100. While the US 1 year house appreciation rate of 8.27% has outpaced that of Mount Rainier, MD (6.91%), this still presents a great opportunity for home buyers looking to invest in the area. With a diverse selection of housing options and an uptick in recent real estate appreciation rates, 20712 Mount Rainier, MD is an ideal place to invest in today's competitive housing market.
The median home cost in Mount Rainier (zip 20712) is $439,600. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Mount Rainier (zip 20712) is up 10.7%.
Average Age of Homes
- The median age of Mount Rainier (zip 20712) real estate is 62 years old
The Rental Market in Mount Rainier (zip 20712)
- Renters make up 66.2% of the Mount Rainier (zip 20712) population
- 2.9% of houses and apartments in Mount Rainier (zip 20712), 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.