October's First-Time Homebuyer Report for Salisbury

Salisbury is much older than the rest of Maryland, with a median age of 28. It's much less affluent than average as well, with a median income of $40,534 per household. The Salisbury market mostly consists of detached houses, accounting for 68% of the current homes in the area. The top school in the city is North Salisbury Elementary School.

Price Range

The median value of homes in Salisbury is $129,600, making it one of the lower priced areas in Maryland. At the same time, the average list price of available homes is presently $121,125. The Salisbury market looked healthy this week as sales rose 12.5% to hit 27 homes sold over the last 30 days.

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

$118K   $165K   $144K  

Typical Dwelling

The typical dwelling in Salisbury is a three-bedroom detached home worth about $118,067. To purchase a similar home, a buyer with good credit and a $23,613 cash down payment could obtain a mortgage with a 3.95% interest rate and a $602 monthly payment. The property tax rate is $9.60 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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