Somerset County First-Time Homebuyer Report for October

Somerset County is a small county in Maryland that has seen a 7.4% increase in population over the last 10 years. It also has a total population of 26,470. Princess Anne, Crisfield, and Eden are the three largest cities in terms of population. Somerset County is made up of homes that are relatively old with a median of 35 years. The top school in the county is Princess Anne Elementary School.

Price Range

Some of the least expensive homes in Maryland are in Somerset County with a median home value of $120,500, while the list prices of available homes is currently at an average of $152,262. Despite a 12.0% decline in sales over the last 30 days, the Somerset County market extended a three-week hot streak with a total of 22 homes sold in that span.

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

$130K   $229K   $154K  

Typical Dwelling

A three-bedroom detached home valued around $134,266 is considered a typical dwelling in Somerset County. If a buyer was looking for a similar home, they would need good credit and a $26,853 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $577 and the property tax rate is $8.22 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

Comments:


©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.