January's First-Time Homebuyer Report for Galena

With 612 residents, Galena is a smaller-than-average city in Maryland. Also, with a 25.1% increase over the last 10 years, its population is growing slightly faster than other parts of the state. Galena is an area where most people own their homes, with an ownership ratio of 66.2%. The best school in the city is Galena Middle School.

Price Range

The housing prices of Galena are close to the state average with a median home value of $228,700 and a current average list price of $226,675. While home sales in the Galena market have been above average, in this week's report they slid 50.0% to one home sold over the last 30 days.

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

$235K   $449K   $209K  

Typical Dwelling

The typical dwelling in Galena is a three-bedroom detached home worth about $190,600. To purchase a similar home, a buyer with good credit and a $38,120 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,118 monthly payment. The property tax rate is $8.68 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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