Damascus Md. Rental Market Report - September 2009

Damascus Md. Rental Market Report - September 2009

This is a market report on the homes for rent in the town of Damascus, Md. The information is taken from the Metropolitan Regional Information System (MRIS) on September 21, 2009.

There are a total of 12 rentals currently active in the MRIS system listed in Damascus. The least expensive is a one-bedroom one bath on the market for $800. While there is a five bedroom home on the market for rent the most expensive is a four bedroom three bath colonial on just over 1 acre of property for $3,750 per month. While some are new to the market within the last week the longest has only been on the market for just about three months (122 days), with the average being less than two months (55 days).

There is currently one application registered to rent a home in Damascus Md, a four bed-room three bath Rambler on near a half acre (.515 ac) which was last listed for $1,750. Since Aug 24, the time of my last report three homes have been rented in town.

One Bedroom

There is currently only one one-bedroom apartment listed in the MRIS database for Damascus Md. This apartment is listed for $800 per month and has been on the market for a little over two months (78 days).

Two Bedrooms

There are currently three two-bedroom homes on the market for rent in Damascus, Md. based on data found in the MRIS database The rents are listed at $1,300 and $1,450 per month, and the days on market average less than three months (79 days) between the three of them.

Since July 24 only one two-bedroom home has been rented in Damascus, Md. The home rented for $950 after being on the market with the last Realtor for just over two months ( 41 days).

Three Bedrooms

The majority of the current listed rentals in Damascus Md. are the six three-bedroom homes. These homes are listed in the range of $1,650 to $2,000; with the average being $1,828. The days on market for the set of homes range from less than a month (24 days) to just short of two months (59 days); the average being close to one month (39 days).

Since Aug 21, one three-bedroom homes have rented in Damascus Md. This was a three-bedroom townhouse that was on the market for nearly four months (125 days) and rented for $1,450.

Four Bedrooms

There are at this time only one four-bedroom homes on the market for rent in Damascus, Md. The list prices of this detached home on just over an acre of ground (1.15 ac). The home is listed for $3,750 and has been on the market for approaching four months (102 days).

Since Aug 21, one four-bedroom homes have rented in Damascus Md. This Rancher on nearly two acres of ground (1.75 ac) was on the market for less than a week (5 days) and rented for $1,950.

Five Bedrooms

There are at this time only one five-bedroom homes on the market for rent in Damascus, Md. This detached home with a two car garage and fireplace is listed at $2,950, and has been on the market for only a week (7 days) at the time of this report.

Since Aug 21, one five-bedroom homes have rented in Damascus Md. This detached home with two fireplaces on over an acre and a half of ground (1.67 ac) was on the market about three months (87 days) and rented for $2,100.