Median price for residential in as of Jul, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
40 Bel Air, MD 21014, USA apartments for sale
Bel Air
According to statistics, the population in Bel Air, MD amounts to 10,139, which shows decline -1% compared to the previous year. The median age of the city’s residents is 42. The average household income is $68,196, shifting decline -2% from the past year, and the average property value in Bel Air, MD decline -1% to $239,300 throughout the year.
| Population | 10,139 |
| Median Age | 42.2 |
| Poverty Rate | 8% |
| Household Income | $68,196 |
| Number Of Employees | 5,362 |
| Median Property Value | $239,300 |
Household Income
The average household income in Bel Air, MD declined from $69,733 to $68,196 in the past year. This data is an estimate based upon 4,602 households in Bel Air, MD . The chart below presents how household income is distributed in Bel Air, MD in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Bel Air, MD shifted from $241,700 to $239,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bel Air, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bel Air, 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 Bel Air, MD compared to median property taxes around the country. The prevalent amount of property taxes in Bel Air, MD equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Bel Air, MD 21014, USA
Average sale in Bel Air: $432,746 (+11.3%)
| Apartment Size | Jul | vs Last Month |
|---|---|---|
| 1 bed for sale | $123,500 | N/A |
| 2 bed for sale | $245,680 | +5.4% |
| 3 bed for sale | $395,742 | +11.9% |
| 4+ bed for sale | $541,216 | -2.7% |
During Jul 2022, the average price for an apartment in/near Bel Air, MD increased by 11.3% to $432,746.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $123,500 with no changes this month. Asking price for 2-bed apartment also increased by 5.4% and a place of this size will now cost you $245,680. A 3-bed apartment goes for $395,742, it increased by 11.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 2.7% and made it down to $541,216.
| Listing Type | Jul | vs Last Month |
|---|---|---|
| Townhouses for sale | $371,600 | +4% |
| Apartments for sale | $141,900 | -43% |
| Condos for sale | $253,807 | +0.2% |
| Houses for sale | $538,257 | +14% |
| Land for sale | $188,300 | -55.7% |
The average cost of an apartment in Bel Air, MD decreased by 43% to $141,900. Price reports demonstrate that house price increased by 14% this month making it up to $538,257. Condos are really in demand in this season. The median price for a condo increased by 0.2%, it’s now available for $253,807. The property value of townhouses increased by 4%, you’ll have to spend around $371,600 to get one.