Zip 20629 (Solomons, MD) Housing


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The housing market in 20629 Solomons, MD has seen stability and slow growth over the last year. The median value of housing in this area is $462,800, which is significantly higher than the US median value of $338,100. While house appreciation across the country saw an 8.27% increase over the past year, homes in 20629 Solomons enjoy a slightly lower appreciation rate at 7.62%. This slower rate of appreciation indicates that it may be a good time to invest in real estate here as prices are expected to stay relatively stable for the foreseeable future.

The median home cost in Solomons (zip 20629) is $462,800. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Solomons (zip 20629) is up 12.7%.

Average Age of Homes
- The median age of Solomons (zip 20629) real estate is 30 years old
The Rental Market in Solomons (zip 20629)
- Renters make up 10.4% of the Solomons (zip 20629) population
- 0.0% of houses and apartments in Solomons (zip 20629), 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

  HousingSolomons, MarylandUnited States
  497.0139,647,020.0
  2542
  $462,800$338,100
  12.7%16.6%
  43.1%57.0%
  55.5%101.1%
  $9.39$10.98
  $3,689$2,690
  58.4%57.4%
  33.2%11.2%
  8.5%31.4%
  Vacant Housing
  0.0%1.9%
  0.0%0.4%
  0.0%0.7%
  0.0%0.4%
  22.1%3.6%
  11.1%4.1%
  Value of Owner-Occupied Housing
  0.0%2.6%
  5.9%2.4%
  0.0%2.8%
  0.0%3.9%
  0.0%4.5%
  0.0%11.3%
  0.0%13.0%
  13.8%20.1%
  26.9%13.6%
  39.3%8.3%
  14.1%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%
  26.0%13.6%
  26.0%13.6%
  36.4%13.6%
  15.7%13.2%
  0.0%14.8%
  36.4%13.6%
  0.0%10.0%
  0.0%4.7%
  0.0%12.2%
Commute