Garrison First-Time Homebuyer Report for October

Garrison has a much older population than other areas in Maryland with a median age of 36 years. It is also affluent with a median income of $75,236 per household. The Garrison market is primarily made up of condos and townhouses, currently accounting for 25% overall. Heading the list of top schools in the city is Woodholme Elementary School.

Culture

If you're looking to explore the community's favorite stores in Garrison, then check out Sam's Club, HomeGoods, and T.J. Maxx, Foursquare's most popular places to go shopping. If you're looking to explore the outdoors, a favorite spot is Green Spring Valley Hunt Club. Lastly, TGI Fridays, Lenny's Deli, and Linwoods are well-known places to eat.

Price Range

The housing prices of Garrison are close to the state average with a median home value of $234,700 and a current average list price of $210,207. With home sales in the Garrison market already below average, in this week's report they fell 12.5% to seven homes sold over the last 30 days.

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

$195K   $699K   $144K  

Typical Dwelling

The typical dwelling in Garrison is a three-bedroom townhouse worth about $195,125. To purchase a similar home, a buyer with good credit and a $39,025 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,122 monthly payment. The property tax rate is $13.08 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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