Living in Jessup, MD
Jessup, MD, is a well-connected and family-friendly suburb situated between Baltimore and Washington, D.C. It features a wide array of amenities, educational institutions, and recreational activities that appeal to families and professionals alike. With its accessible transportation options and community events, Jessup is an ideal place for real estate investment.
Current Market Conditions in Jessup, MD
The real estate market in Jessup, MD, has shown resilience and consistent growth in recent years. With a mix of single-family homes, townhouses, and condominiums, there are diverse options for buyers and investors. Home values have been steadily increasing, reflecting a strong demand for properties in the area due to its prime location.
Investors can expect continued appreciation in property values, supported by ongoing developments and improvements in local infrastructure. The balance between suburban tranquility and urban accessibility keeps Jessup desirable, ensuring a competitive market for both rental and resale properties.
Home Value Estimator For Jessup, MD
There are currently 2,965 real estate properties
in Jessup, MD,
with a median automated valuation model (AVM) price
of $480,202.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Jessup, MD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Jessup, MD,
is $770,800.00, with the most expensive house
in Jessup, MD, topping out
at $157,324,832.00 and the cheapest home
in Jessup, MD,
clocking in at $113,465.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Jessup, MD!
Rent Prices
In Jessup, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Jessup, MD, is on
a rollercoaster ride. The
average rent price in Jessup, MD,
is $2,129.00. Indeed, when looking to rent in
Jessup, MD, you can expect to pay as little
as $1,100.00 or as much
as $4,660.00,
with the average rent median estimated to
be $2,050.00. The good news is that finding
an affordable and desirable property to rent in Jessup, MD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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