Maryland's October First-Time Homebuyer Report

Montgomery County, Prince George's County, and Baltimore County are all part of Maryland. The state has a population of 5,773,552 people. It ranks 19th in the country in total population, but ranks sixth when it comes to density with 594.8 people per square mile. It is one of the priciest states in the nation with a cost of living adjustment score of 119.8. On top of being ranked the 10th-most expensive, it also ranks as the wealthiest with a median income of $69,978 per household. Leading the list of best schools in the state are Takoma Park Elementary School, Urbana Middle School, and Paul Laurence Dunbar High School.


According to Foursquare, if shopping is your thing, you might enjoy Tysons Corner Center, Tysons Galleria, and Apple Tysons Corner. You might also try Kettler Capitals Iceplex and Burke Lake Park, a few popular places to experience the outdoors. Lastly, The John F. Kennedy Center for the Performing Arts and AMC Tysons Corner 16 are well-known places for arts and entertainment.

Price Range

The median value of homes in Maryland is $237,100, making it one of the most valuable areas in USA. At the same time, the average list price of available homes is presently $289,264.

Out of all the listings in Maryland, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$799K   $189K   $175K  

Typical Dwelling

The typical dwelling in Maryland is a four-bedroom detached home worth about $430,057. To purchase a similar home, a buyer with good credit and a $86,011 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,354 monthly payment. The property tax rate is $12.21 per $1,000 of taxable assessed value.

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

Data reported through 10/13/2016


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