According to statistics, the population in Ellicott City, MD amounts to 71,737, which shows growth 1% compared to the previous year. The median age of the city’s residents is 42. The average household income is $124,059, shifting growth 3% from the past year, and the average property value in Ellicott City, MD growth 1% to $522,700 throughout the year.
|Number Of Employees||36,787|
|Median Property Value||$522,700|
The average household income in Ellicott City, MD grew from $121,019 to $124,059 in the past year. This data is an estimate based upon 25,198 households in Ellicott City, MD . The chart below presents how household income is distributed in Ellicott City, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Ellicott City, MD shifted from $515,500 to $522,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Ellicott City, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Ellicott City, MD properties falls in the '$500,000 to $749,999' range, which is higher 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 Ellicott City, MD compared to median property taxes around the country. The prevalent amount of property taxes in Ellicott City, MD equals $3000, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|2 bed for sale||$379,916||+1.5%|
|3 bed for sale||$522,571||-2%|
|4+ bed for sale||$847,152||-1.8%|
During Aug 2022, the average price for an apartment in/near Ellicott City, MD increased by 1.3% to $701,637.
Asking price for 2-bed apartment also increased by 1.5% and a place of this size will now cost you $379,916. A 3-bed apartment goes for $522,571, it decreased by 2% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.8% and made it down to $847,152.
|Listing Type||Aug||vs Last Month|
|Houses for sale||$834,711||-2.7%|
|Condos for sale||$443,120||+7.9%|
|Land for sale||$1,200,000||+159.5%|
|Townhouses for sale||$506,846||-0.9%|
|Apartments for sale||$445,000||+12.7%|
The average cost of an apartment in Ellicott City, MD rised by 12.7% to $445,000. Price reports demonstrate that house price decreased by 2.7% this month making it up to $834,711. Condos are really in demand in this season. The median price for a condo increased by 7.9%, it’s now available for $443,120. The property value of townhouses decreased by 0.9%, you’ll have to spend around $506,846 to get one.