Home prices
The median home cost in Cavetown is $218,800. Compared to its nearby areas it is roughly $13,740 (5%) lower.Compared to the rest of the nation it is is very similar, and compared to the city of Washington it is approximately $382,700 (63%) lower.
Rents
In Cavetown the median monthly rent is $1,125. It is about $125 (12%) higher compared to its surrounding areas.It is about $63 (5%) higher in comparison to the nation as a whole, and is about $416 (26%) lower compared to the city of Washington.
Nearby places
Smithsburg
Smithsburg is Cavetown's neighbor to the northeast. Real estate prices there are a little more expensive. The median home in Smithsburg is valued at $240,000, which comes out to $21,200 (8%) higher than Cavetown. Rents there are significantly less expensive. The median rent in Smithsburg is $735 a month, which works out to $390 (53%) lower than Cavetown.
Robinwood
Robinwood is approximately 3 miles west of Cavetown. Real estate prices there are a little more expensive. The median home in Robinwood is valued at $276,200, which is $57,400 (20%) higher than Cavetown. Its rents are fairly similar. Robinwood's median monthly rent is $1,101, which comes out to $24 (2%) lower than Cavetown.
Leitersburg
Leitersburg is about 3 miles north from Cavetown. Housing prices there are similar. The median home in Leitersburg costs $214,400, which is $4,400 (2%) lower than Cavetown. The rent there is a little more expensive. Leitersburg's median rent is $1,293 a month, which is $168 (12%) higher than Cavetown.
Paramount-Long Meadow
Paramount-Long Meadow is about 5 miles northwest from Cavetown. Its real estate prices are somewhat more expensive. The median home value in Paramount-Long Meadow is $273,700, which works out to $54,900 (20%) higher than Cavetown. The rent there is fairly similar. In Paramount-Long Meadow the median rent is $1,172 a month, which is $47 (4%) higher than Cavetown.
Funkstown
Funkstown is about 5 miles southwest from Cavetown. The real estate prices there are substantially less expensive. The median home in Funkstown costs $158,400, which comes out to $60,400 (38%) lower than Cavetown. Rents there are substantially less expensive. Funkstown's median monthly rent is $700, which works out to $425 (60%) lower than Cavetown.
