The housing market in Scotland, MD (zip code 20687) has seen healthy growth over the past year. The median value of homes in the city is $384,500, which is higher than the US national average of $338,100. Over the past year, the appreciation rate for houses in Scotland has been 7.62%, slightly lower than the national 1-year appreciation rate of 8.27%. Despite this difference, Scotland remains an attractive location for those looking to invest in real estate due to its high median home price and steady housing market growth.
The median home cost in Scotland (zip 20687) is $384,500. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Scotland (zip 20687) is up 12.7%.
Average Age of Homes
- The median age of Scotland (zip 20687) real estate is 57 years old
The Rental Market in Scotland (zip 20687)
- Renters make up 13.7% of the Scotland (zip 20687) population
- 0.0% of houses and apartments in Scotland (zip 20687), 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.