The housing market in Mardela Springs, MD 21837 is quite strong compared to the national average. The median value of a home in Mardela Springs is $223,100 which is significantly lower than the national median of $338,100. However, homes in this area have appreciated much more sharply than the national average over the past year. Specifically, homes in Mardela Springs have increased by 14.76% while nationally homes only appreciated by 8.27%. This indicates that now could be an excellent time to invest in this town's housing market if you're looking for a worthwhile investment opportunity.
The median home cost in Mardela Springs (zip 21837) is $223,100. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Mardela Springs (zip 21837) is up 14.0%.
Average Age of Homes
- The median age of Mardela Springs (zip 21837) real estate is 38 years old
The Rental Market in Mardela Springs (zip 21837)
- Renters make up 16.5% of the Mardela Springs (zip 21837) population
- 0.7% of houses and apartments in Mardela Springs (zip 21837), 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.