New Carrollton First-Time Homebuyer Report for January

New Carrollton is a larger than average city in Maryland with 12,135 residents. Its population is growing about even with the rest of the state, at a 10-year growth rate of -1.8%. New Carrollton is an area where most people own their homes, with an ownership ratio of 53.5%. Heading the list of top schools in the city is Margaret Brent Regional Center.

Culture

If you're interested in the nightlife, one of the most popular places to get a drink in New Carrollton, according to Foursquare, is Bay Street Night Club. A good place to get a cup of coffee is Starbucks. You could also check out the popular Shoppers Food Warehouse, K & G Menswear, and CVS/pharmacy to do some shopping.

Price Range

Homes in New Carrollton are generally less expensive than others in the state with a median home value of $157,200 and an average list price of $248,456.

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

$319K   $289K   $110K  

Typical Dwelling

A four-bedroom detached home valued around $275,430 is considered a typical dwelling in New Carrollton. If a buyer was looking for a similar home, they would need good credit and a $55,086 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,506 and the property tax rate is $16.07 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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