January's First-Time Homebuyer Report for Redland

Redland is a larger than average city in Maryland with 17,242 residents. Also, it has seen a 6.2% increase in population over the last 10 years. Redland is an area where most people own their homes, with an ownership ratio of 74.7%. The top school in the city is Col. Zadok Magruder High School.

Culture

According to Foursquare, if shopping is your thing, you might enjoy CVS/pharmacy and Red Mill Shopping Center. You might also try Blueberry Hill Park and Mill Creek Towne Local Park, a few popular places to experience the outdoors. And finally, Outta The Way Cafe, McDonald's, and Ledo Pizza are frequently visited spots to eat.

Price Range

Homes in Redland are generally more expensive than others in the state with a median home value of $363,600 and an average list price of $444,854.

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

$699K   $790K   $395K  

Typical Dwelling

The typical dwelling in Redland is a four-bedroom detached home worth about $461,843. To purchase a similar home, a buyer with good credit and a $92,369 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,650 monthly payment. The property tax rate is $12.02 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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