Median price for residential apartments in Brandywine, 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.
57 Brandywine, MD 20613, USA apartments for sale
Brandywine
According to statistics, the population in Brandywine, MD amounts to 9,762, which shows decline 1% compared to the previous year. The median age of the city’s residents is 40. The average household income is $126,112, shifting growth 8% from the past year, and the average property value in Brandywine, MD growth 7% to $355,500 throughout the year.
| Population | 9,762 |
| Median Age | 39.8 |
| Poverty Rate | 5% |
| Household Income | $126,112 |
| Number Of Employees | 5,267 |
| Median Property Value | $355,500 |
Household Income
The average household income in Brandywine, MD grew from $116,893 to $126,112 in the past year. This data is an estimate based upon 3,013 households in Brandywine, MD . The chart below presents how household income is distributed in Brandywine, MD in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Brandywine, MD shifted from $330,900 to $355,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Brandywine, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Brandywine, MD properties falls in the '$300,000 to $399,999' range, which is higher 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 Brandywine, MD compared to median property taxes around the country. The prevalent amount of property taxes in Brandywine, MD equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Brandywine, MD 20613, USA
Average apartment sale in Brandywine: $471,924 (+15%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $143,107 | +52.4% |
| 2-bed apartments | $79,000 | -6% |
| 3-bed apartments | $399,468 | +4% |
| 4+ bed apartments | $594,297 | +9.6% |
During Nov 2022, the average price for an apartment in/near Brandywine, MD increased by 15% to $471,924.
Asking price for 2-bed apartment also decreased by 6% and a place of this size will now cost you $79,000. A 3-bed apartment goes for $399,468, it increased by 4% lately. We discerned the rise of 4- and more bed apartment price. It increased by 9.6% and made it up to $594,297.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Lofts for sale | $529,333 | -3.8% |
| Townhouses for sale | $430,999 | +0.2% |
| Condos for sale | $391,633 | +8.8% |
| Apartments for sale | $109,900 | +19.5% |
| Land for sale | $145,661 | +54.5% |
| Houses for sale | $530,005 | +15.1% |
The average cost of an apartment in Brandywine, MD rised by 19.5% to $109,900. Price reports demonstrate that house price increased by 15.1% this month making it up to $530,005. Condos are really in demand in this season. The median price for a condo increased by 8.8%, it’s now available for $391,633. The price dynamics of lofts changed, it decreased by 3.8%, the price tag now starts at $529,333. The property value of townhouses increased by 0.2%, you’ll have to spend around $430,999 to get one.