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.