Median price for residential apartments in as of Sep, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
109 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.
- USA
- Arbutus, MD
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.
- USA
- Arbutus, MD
Rent vs. Own
- Rent67%
- Own33%
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.
- USA
- Arbutus, MD
Housing Trends
Arbutus, MD, USA Housing Trends
Average sale in Arbutus: $310,133 (+3.8%)
| Apartment Size | Sep | vs Last Month |
|---|---|---|
| 3 bed apartments | $277,342 | -1.3% |
| 4+ bed apartments | $424,900 | +14.9% |
During Sep 2021, the average price for an apartment in/near Arbutus, MD increased by 3.8% to $310,133.
Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $277,342. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $424,900 for a big-family home.
| Listing Type | Sep | vs Last Month |
|---|---|---|
| Townhouses for sale | $257,280 | -0.3% |
| Houses for sale | $376,200 | +4.6% |
According to statistics, average house is still $376,200 with no significant changes this month. Value of the townhouses didn’t change, the price still starts at $257,280.
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