21040 Zip Code's January First-Time Homebuyer Report

The population of the 21040 zip code is less affluent than average compared to others in Maryland with a median income of $60,682 per household. It's also considered a much less expensive zip code in terms of affordability with a cost of living adjustment score of 94.6. The 21040 zip code is made up of homes that are relatively old with a median of 31 years. The best school in the zip code is Edgewood High School.

Price Range

The median value of homes in the 21040 zip code is $115,000, making it one of the lower priced areas in Maryland. At the same time, the average list price of available homes is presently $157,404. The 21040 zip code market broke below its 12-month average sales volume this week as sales dropped 14.3% to hit 24 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in the 21040 zip code that generated the most views from potential buyers:

$149K   $152K   $104K  

Typical Dwelling

The typical dwelling in the 21040 zip code is a three-bedroom detached home worth about $156,877. To purchase a similar home, a buyer with good credit and a $31,375 cash down payment could obtain a mortgage with a 3.95% interest rate and a $832 monthly payment. The property tax rate is $10.49 per $1,000 of taxable assessed value.

Get started right now by checking out 21040 homes for sale or reviewing 21040 real estate trends.


Data reported through 1/12/2017

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