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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.
|Number Of Employees||5,362|
|Median Property Value||$239,300|
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.
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.
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.
|Apartment Size||Jun||vs Last Month|
|2 bed apartments||$218,575||N/A|
|3 bed apartments||$360,799||+20.1%|
|4+ bed apartments||$445,644||+1.7%|
During Jul 2021, the average price for an apartment in/near Bel Air, MD increased by 3.7% to $371,616.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $218,575. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $360,799. 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 $445,644 for a big-family home.
|Listing Type||Jun||vs Last Month|
|Townhouses for sale||$345,250||+8.1%|
|Apartments for sale||$515,000||N/A|
|Houses for sale||$414,608||+2.7%|
|Condos for sale||$166,400||-12.4%|
While assessing the property pricing Bel Air, MD, you can note that it remains flat with a price tag of $515,000. According to statistics, average house is still $414,608 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $166,400. Value of the townhouses didn’t change, the price still starts at $345,250.
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