There are currently 4,197 real estate properties in Potomac, MD, with a median automated valuation model (AVM) price of $1,242,722.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Potomac, 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 Potomac, MD, is $1,396,737.00, with the most expensive house in Potomac, MD, topping out at $49,000,000.00 and the cheapest home in Potomac, MD, clocking in at $195,024.00. In other words, there’s something for every potential homebuyer or savvy investor in Potomac, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Potomac, MD, is on a rollercoaster ride. The average rent price in Potomac, MD, is $4,441.00. Indeed, when looking to rent in Potomac, MD, you can expect to pay as little as $1,480.00 or as much as $7,240.00, with the average rent median estimated to be $4,320.00. The good news is that finding an affordable and desirable property to rent in Potomac, 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.
Millions of people receive foreclosure alerts daily, don't miss out.