According to statistics, the population in Annapolis, MD amounts to 39,151, which shows decline 0% compared to the previous year. The median age of the city’s residents is 37. The average household income is $81,143, shifting growth 9% from the past year, and the average property value in Annapolis, MD growth 5% to $395,900 throughout the year.
|Number Of Employees||21,492|
|Median Property Value||$395,900|
The average household income in Annapolis, MD grew from $74,187 to $81,143 in the past year. This data is an estimate based upon 15,684 households in Annapolis, MD . The chart below presents how household income is distributed in Annapolis, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Annapolis, MD shifted from $377,200 to $395,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Annapolis, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Annapolis, MD properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Annapolis, MD compared to median property taxes around the country. The prevalent amount of property taxes in Annapolis, MD equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$1,477,500||N/A|
|1 bed for sale||$415,000||+29.3%|
|2 bed for sale||$427,856||-9.3%|
|3 bed for sale||$521,738||-17.8%|
|4+ bed for sale||$683,725||-27.3%|
During Jul 2022, the average price for an apartment in/near Annapolis, MD decreased by 22.6% to $572,170.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 29.3% to $415,000. Asking price for 2-bed apartment also decreased by 9.3% and a place of this size will now cost you $427,856. A 3-bed apartment goes for $521,738, it decreased by 17.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 27.3% and made it down to $683,725.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$524,600||-4.5%|
|Apartments for sale||$411,225||N/A|
|Houses for sale||$647,154||-30.4%|
|Condos for sale||$486,309||+1.8%|
|Land for sale||$191,418||-61.2%|
|Other for sale||$60,000||N/A|
While assessing the property pricing Annapolis, MD, you can note that it remains flat with a price tag of $411,225. Price reports demonstrate that house price decreased by 30.4% this month making it up to $647,154. Condos are really in demand in this season. The median price for a condo increased by 1.8%, it’s now available for $486,309. The property value of townhouses decreased by 4.5%, you’ll have to spend around $524,600 to get one.