Mardela Springs has a much older population than other areas in Maryland with a median age of 36 years. It is also less affluent than average with a median income of $50,120 per household. The Mardela Springs market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area. Heading the list of top schools in the city is Northwestern Elementary School.
The median value of homes in Mardela Springs is $130,100, making it one of the lower priced areas in Maryland. At the same time, the average list price of available homes is presently $118,016. Typically, Mardela Springs accounts for 0.5 sales per month. This time sellers weren't able to find buyers for their properties, resulting in yet another 30 day period of no sales.
Make sure you take a look at these eye-catching homes in Mardela Springs that generated the most views from potential buyers:
A three-bedroom detached home valued around $124,174 is considered a typical dwelling in Mardela Springs. If a buyer was looking for a similar home, they would need good credit and a $24,835 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $41 and the property tax rate is $9.60 per $1,000 of taxable assessed value.