Beltsville First-Time Homebuyer Report for January

Beltsville is a city in Maryland. It's affluent and the cost of living is average compared to the rest of the state, with a median income of $71,641 per household and cost of living adjustment score of 115.3. 20783, 20705, and 20740 are the three largest zip codes in terms of population. Beltsville is made up of homes that are older than most with a median of 40 years. Topping the list of best schools in the city is High Point High School.

Culture

According to Foursquare, Buffalo Wild Wings, Sardi's Pollo A La Brasa, and Potbelly Sandwich Shop are the most popular spots to eat in Beltsville. One of the most popular places to get a drink is Phil's Bar & Grill. You could also check out the popular Dunkin Donuts for a cup of coffee.

Price Range

Home values in Beltsville are generally in line with others in the state with a median home value of $208,600 and an average list price of $261,953. The Beltsville market slowed with an 18.8% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (12.8) with 13 homes sold.

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

$469K   $189K   $240K  

Typical Dwelling

A four-bedroom detached home valued around $330,586 is considered a typical dwelling in Beltsville. If a buyer was looking for a similar home, they would need good credit and a $66,117 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,375 and the property tax rate is $16.07 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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