Caroline County First-Time Homebuyer Report for October

Caroline County has one of the fastest growing populations in Maryland with an 11.1% increase over the last 10 years. Despite being ranked eighth for growth, it's currently only ranked 20th in terms of total population with 33,066 residents. The three cities with the largest populations are Denton, Federalsburg, and Greensboro. Caroline County is made up of homes that are considered relatively old with a median of 31 years. Heading the list of top schools in the county is Preston Elementary School.

Culture

If you're looking to explore the landscape of Caroline County, then check out Tuckahoe State Park and Choptank River, Foursquare's most popular places for outdoor activities. If you like to dine out, some popular restaurants are Dunkin' Donuts, Hot Off The Coals, and Market Street Public House. You could also check out the popular Cohee's 404 for a drink.

Price Range

Homes in Caroline County are generally less expensive than others in the state with a median home value of $175,200 and an average list price of $198,169. In this week's report, the number of homes sold in the Caroline County market dropped to 34 over the past 30 days, a decrease of 10.5% from last week's report, but still above the monthly average.

Make sure you take a look at these eye-catching homes in Caroline County that generated the most views from potential buyers:

$250K   $219K   $209K  

Typical Dwelling

The typical dwelling in Caroline County is a three-bedroom detached home worth about $187,436. To purchase a similar home, a buyer with good credit and a $37,487 cash down payment could obtain a mortgage with a 3.95% interest rate and a $633 monthly payment. The property tax rate is $9.79 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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