Edgewood First-Time Homebuyer Report for October

Edgewood has a much older population than other areas in Maryland with a median age of 32 years. It is also somewhat affluent with a median income of $60,536 per household. Its three largest zip codes are 21009, 21040, and 21085. Detached homes account for 55% of the area's current housing market. The top school in the city is Edgewood High School.

Culture

If you'll be exploring the entertainment hotspots in Edgewood, you'll find Club 66 to be a popular choice according to Foursquare. You might also try IHOP, Dunkin' Donuts, and Pat's Pizzeria, a few popular places to dine out. And finally, Winter's Run Inn is a frequently visited spot to get a drink.

Price Range

Homes in Edgewood are generally less expensive than others in the state with a median home value of $144,200 and an average list price of $162,368. The most expensive places to live are 21009, 21085, and 21040. The Edgewood market pulled back with a 6.9% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 29.7 monthly average with 27 homes sold.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Edgewood:

$139K   $109K   $262K  

Typical Dwelling

A three-bedroom detached home valued around $162,849 is considered a typical dwelling in Edgewood. If a buyer was looking for a similar home, they would need good credit and a $32,570 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $783 and the property tax rate is $10.49 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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