Arbutus First-Time Homebuyer Report for October

The population of Arbutus is growing slightly faster than the rest of Maryland, at a 10-year growth rate of 2.6%. It's a larger than average city compared to the rest of the state, with 20,483 residents. Arbutus is made up of homes that are older than most with a median of 55 years. The best school in the city is Relay Elementary School.

Culture

According to Foursquare, Arbour Manor Park and Wynnewood Pool are the most popular outdoor attractions in Arbutus. If you're looking for some recommended attractions, a favorite is Hollywood Cinema. And finally, recommended places to eat are Sorrentos Of Arbutus, Taste of Aloha, and American Asian.

Price Range

The median value of homes in Arbutus is $195,400, making the area almost identical to others in Maryland. At the same time, the average list price of available homes is presently $213,787.

Curious as to which homes have been getting the most attention in Arbutus? These listings have stirred up interest and produced the most views:

$224K   $169K   $204K  

Typical Dwelling

The typical dwelling in Arbutus is a three-bedroom detached home worth about $227,194. To purchase a similar home, a buyer with good credit and a $45,439 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,041 monthly payment. The property tax rate is $13.08 per $1,000 of taxable assessed value.

Get started right now by checking out Arbutus homes for sale or reviewing Arbutus real estate trends.


Data reported through 10/13/2016

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