City:
Damascus is a city in the state of maryland with a population of roughly 12,603. It is in Montgomery County, Maryland the Washington-Arlington-Alexandria, DC-VA-MD-WV core-based statistical areas (CBSA), and the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA combined statistical area (CSA).Its Zip codes include 20872 .
Real estate in Damascus, MD is a hot commodity. With an average home price of $269,000 and a population of just over 10,000 people, the city has seen an influx of new residents in recent years. This has led to an increase in demand for homes and apartments, as well as commercial space.
There are a number of factors that have contributed to the city's real estate boom. First and foremost is its location: Damascus is just minutes from both Washington D.C. and Baltimore, making it a convenient place to live or work. Additionally, the city's infrastructure is growing rapidly – there are plans for new schools and businesses, which will only add to demand for housing.
Despite these positive factors, there are some potential risks associated with buying or selling real estate in Damascus. For one thing, the market can be volatile – prices can change quickly based on market conditions or changes in government policy. Additionally, there may be limited inventory available at any given time; if you're looking for a particular type of property (for example, an apartment complex rather than single-family homes), you may have difficulty finding it available on the market. Finally, because Damascus is such a small town (by Maryland standards), it can be difficult to find someone who knows about all the properties available – if you're looking to buy or sell a property outside of your immediate area, you'll likely need help from a professional real estate agent
Price Index: Frederick-Gaithersburg-Rockville, MD (MSAD)