Housing in 20784 New Carrollton, MD is quite valuable, with the median value for houses at $365,900. This is higher than the US median home value of $338,100. Despite this high valuation, appreciation for housing in the area has been low relative to national averages; the 1 year appreciation rate has been 6.91%, whereas the US average is 8.27%. This lower rate of appreciation may be indicative of a mature market for housing in 20784 New Carrollton, MD that has already realized much of its potential.
The median home cost in New Carrollton (zip 20784) is $365,900. Home appreciation the last 10 years has been 86.5%. Home Appreciation in New Carrollton (zip 20784) is up 10.7%.
Average Age of Homes
- The median age of New Carrollton (zip 20784) real estate is 55 years old
The Rental Market in New Carrollton (zip 20784)
- Renters make up 38.2% of the New Carrollton (zip 20784) population
- 1.8% of houses and apartments in New Carrollton (zip 20784), 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.