Median price for residential apartments in Arbutus, MD as of Nov, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
62 Arbutus, MD, USA apartments for sale
Arbutus
According to statistics, the population in Arbutus, MD amounts to 21,167, which shows decline -1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $74,443, shifting growth 3% from the past year, and the average property value in Arbutus, MD growth 1% to $229,000 throughout the year.
| Population | 21,167 |
| Median Age | 33.9 |
| Poverty Rate | 13% |
| Household Income | $74,443 |
| Number Of Employees | 11,819 |
| Median Property Value | $229,000 |
Household Income
The average household income in Arbutus, MD grew from $72,615 to $74,443 in the past year. This data is an estimate based upon 7,708 households in Arbutus, MD . The chart below presents how household income is distributed in Arbutus, MD in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Arbutus, MD shifted from $225,900 to $229,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Arbutus, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Arbutus, MD properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Arbutus, MD compared to median property taxes around the country. The prevalent amount of property taxes in Arbutus, MD equals $2500, which is less than the national average.
Housing Trends
How much does an apartment cost in Arbutus, MD, USA
Average apartment sale in Arbutus: $316,745 (+2.1%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $278,300 | -13% |
| 2-bed apartments | $292,500 | +11.4% |
| 3-bed apartments | $291,723 | +0.3% |
| 4+ bed apartments | $361,029 | -0.3% |
During Nov 2022, the average price for an apartment in/near Arbutus, MD increased by 2.1% to $316,745.
Asking price for 2-bed apartment also increased by 11.4% and a place of this size will now cost you $292,500. A 3-bed apartment goes for $291,723, it increased by 0.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 0.3% and made it down to $361,029.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Houses for sale | $332,258 | +2.2% |
| Townhouses for sale | $293,216 | +2.9% |
| Condos for sale | $286,199 | +2.7% |
Price reports demonstrate that house price increased by 2.2% this month making it up to $332,258. Condos are really in demand in this season. The median price for a condo increased by 2.7%, it’s now available for $286,199. The property value of townhouses increased by 2.9%, you’ll have to spend around $293,216 to get one.