The housing market in 20736 Owings, MD is strong. The median value of a house in the area is $561,000, which is significantly higher than the US House Median Value of $338,100. Over the past year, the appreciation rate for homes in Owings has been 6.91%, lower than the US 1 year House Appreciation rate of 8.27%. This indicates that while home values in Owings have increased over the past year, they have not gone up at as high of a rate as other parts of the country.
The median home cost in Owings (zip 20736) is $561,000. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Owings (zip 20736) is up 10.7%.
Average Age of Homes
- The median age of Owings (zip 20736) real estate is 30 years old
The Rental Market in Owings (zip 20736)
- Renters make up 8.4% of the Owings (zip 20736) population
- 1.4% of houses and apartments in Owings (zip 20736), 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.