Cities with the most expensive homes in the California, Maryland metro area
Cities with the most expensive homes in the California, Maryland metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $359,078 in December, 0.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of January 15, the sits at 6.06%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the California, Maryland metro area using data from . Charts show the monthly typical home value since January 2018. All 22 cities and towns with data available were included in the list.
#22. Chaptico, MD
- Typical home value: $320,658
- 1-year price change: +1.0%
- 5-year price change: +15.3%
#21. Scotland, MD
- Typical home value: $350,942
- 1-year price change: +2.4%
- 5-year price change: +14.3%
#20. Great Mills, MD
- Typical home value: $360,848
- 1-year price change: +1.7%
- 5-year price change: +25.2%
#19. Bushwood, MD
- Typical home value: $361,197
- 1-year price change: +0.9%
- 5-year price change: +17.6%
#18. Lexington Park, MD
- Typical home value: $374,182
- 1-year price change: +2.4%
- 5-year price change: +28.3%
#17. California, MD
- Typical home value: $387,368
- 1-year price change: +2.8%
- 5-year price change: +29.2%
#16. Park Hall, MD
- Typical home value: $403,314
- 1-year price change: +2.5%
- 5-year price change: +23.0%
#15. Coltons Point, MD
- Typical home value: $415,140
- 1-year price change: +2.9%
- 5-year price change: +25.1%
#14. Avenue, MD
- Typical home value: $415,659
- 1-year price change: +3.2%
- 5-year price change: +17.3%
#13. Mechanicsville, MD
- Typical home value: $422,484
- 1-year price change: +1.7%
- 5-year price change: +20.2%
#12. Callaway, MD
- Typical home value: $426,459
- 1-year price change: +1.6%
- 5-year price change: +23.0%
#11. Ridge, MD
- Typical home value: $429,617
- 1-year price change: +3.9%
- 5-year price change: +19.7%
#10. Abell, MD
- Typical home value: $439,662
- 1-year price change: +1.3%
- 5-year price change: data not available
#9. Saint Inigoes, MD
- Typical home value: $445,121
- 1-year price change: +2.2%
- 5-year price change: +22.0%
#8. Clements, MD
- Typical home value: $456,413
- 1-year price change: +2.6%
- 5-year price change: data not available
#7. Valley Lee, MD
- Typical home value: $468,197
- 1-year price change: +1.9%
- 5-year price change: +20.8%
#6. Piney Point, MD
- Typical home value: $469,192
- 1-year price change: +7.0%
- 5-year price change: +32.9%
#5. Hollywood, MD
- Typical home value: $488,694
- 1-year price change: +2.5%
- 5-year price change: +24.3%
#4. Tall Timbers, MD
- Typical home value: $497,740
- 1-year price change: +1.4%
- 5-year price change: +24.2%
#3. Leonardtown, MD
- Typical home value: $517,919
- 1-year price change: +2.4%
- 5-year price change: +27.5%
#2. Drayden, MD
- Typical home value: $525,713
- 1-year price change: +2.3%
- 5-year price change: data not available
#1. Dameron, MD
- Typical home value: $542,254
- 1-year price change: +1.9%
- 5-year price change: +21.9%