October's First-Time Homebuyer Report for Trappe

Trappe has an older population than other areas in Maryland with a median age of 39 years. It is also less affluent than average with a median income of $51,720 per household. The Trappe market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area. The top school in the city is White Marsh Elementary School.

Culture

If you're looking to explore some of the community's favorite stores in Trappe, then check out Unicorn Bookshop, Foursquare's most popular place to go shopping. You might also try Hog Creek, a popular place to experience the outdoors. Lastly, Mitchum's Steak House is a well-known place to eat.

Price Range

Homes in Trappe are worth a median of $195,900, similar to other parts of Maryland. Additionally, the list prices of available homes is currently at an average of $236,797.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Trappe:

$299K   $280K   $145K  

Typical Dwelling

The typical dwelling in Trappe is a three-bedroom detached home worth about $173,600. To purchase a similar home, a buyer with good credit and a $34,720 cash down payment could obtain a mortgage with a 3.95% interest rate and a $887 monthly payment. The property tax rate is $6.20 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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