According to statistics, the population in Edgewood, MD amounts to 25,858, which shows decline -2% compared to the previous year. The median age of the city’s residents is 34. The average household income is $56,632, shifting decline 0% from the past year, and the average property value in Edgewood, MD growth 1% to $169,200 throughout the year.
|Number Of Employees||12,140|
|Median Property Value||$169,200|
The average household income in Edgewood, MD grew from $56,414 to $56,632 in the past year. This data is an estimate based upon 9,176 households in Edgewood, MD . The chart below presents how household income is distributed in Edgewood, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Edgewood, MD shifted from $167,500 to $169,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Edgewood, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Edgewood, MD properties falls in the '$150,000 to $174,999' 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 Edgewood, MD compared to median property taxes around the country. The prevalent amount of property taxes in Edgewood, MD equals $2500, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|2 bed for sale||$120,000||-40.2%|
|3 bed for sale||$253,741||-16.9%|
|4+ bed for sale||$303,421||-2.5%|
During Aug 2022, the average price for an apartment in/near Edgewood, MD decreased by 6% to $277,721.
Asking price for 2-bed apartment also decreased by 40.2% and a place of this size will now cost you $120,000. A 3-bed apartment goes for $253,741, it decreased by 16.9% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 2.5% and made it down to $303,421.
|Listing Type||Aug||vs Last Month|
|Condos for sale||$199,966||+16.4%|
|Houses for sale||$346,478||-1.6%|
|Other for sale||$64,900||N/A|
|Townhouses for sale||$218,807||-14.9%|
|Land for sale||$135,000||N/A|
Price reports demonstrate that house price decreased by 1.6% this month making it up to $346,478. Condos are really in demand in this season. The median price for a condo increased by 16.4%, it’s now available for $199,966. The property value of townhouses decreased by 14.9%, you’ll have to spend around $218,807 to get one.