October's First-Time Homebuyer Report for Pikesville

Pikesville has a much younger population than other areas in Maryland with a median age of 45 years. It is also affluent with a median income of $75,927 per household. The three zip codes with the largest populations are 21208, 21209, and 21153. The Pikesville market is mostly made up of condos and townhouses, currently accounting for 45% overall. Heading the list of top schools in the city is Summit Park Elementary School.

Price Range

The median value of homes in Pikesville is $196,100, making the area almost identical to others in Maryland. At the same time, the average list price of available homes is presently $285,662. The most expensive places to live are 21153, 21209, and 21208. The Pikesville market pulled back with a 2.6% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (34.7) with 38 homes sold.

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

$199K   $625K   $374K  

Typical Dwelling

A two-bedroom condo valued around $217,905 is considered a typical dwelling in Pikesville. If a buyer was looking for a similar home, they would need good credit and a $43,581 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,283 and the property tax rate is $13.08 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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Keller Williams Realty Centre
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