Hancock First-Time Homebuyer Report for October

Hancock has a younger population than other areas in Maryland with a median age of 40 years. It is also much less affluent than average with a median income of $38,100 per household. Detached homes account for 100% of the area's current housing market. Heading the list of top schools in the city is Hancock Middle Senior High School.

Price Range

Hancock has some of the more affordable homes in the state with a median home value of $98,000 and a current average list price of $136,530. The Hancock market saw sales remain flat this week with three homes sold over the last 30 days, while new listings climbed to two.

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

$199K   $155K   $219K  

Typical Dwelling

The typical dwelling in Hancock is a three-bedroom detached home worth about $93,131. To purchase a similar home, a buyer with good credit and a $18,626 cash down payment could obtain a mortgage with a 3.95% interest rate and a $667 monthly payment. The property tax rate is $10.15 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
RE/MAX Results
22 reviews

©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.