According to statistics, the population in Lexington Park, MD amounts to 11,937, which shows decline -6% compared to the previous year. The median age of the city’s residents is 31. The average household income is $67,097, shifting decline -3% from the past year, and the average property value in Lexington Park, MD decline -7% to $195,200 throughout the year.
|Number Of Employees||5,760|
|Median Property Value||$195,200|
The average household income in Lexington Park, MD declined from $68,818 to $67,097 in the past year. This data is an estimate based upon 4,790 households in Lexington Park, MD . The chart below presents how household income is distributed in Lexington Park, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Lexington Park, MD shifted from $210,700 to $195,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lexington Park, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lexington Park, MD properties falls in the 'n/a' 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 Lexington Park, MD compared to median property taxes around the country. The prevalent amount of property taxes in Lexington Park, MD equals $2500, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Lexington Park, MD decreased by 9.4% to $371,163.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $159,900 with no changes this month. Asking price for 2-bed apartment also increased by 39.3% and a place of this size will now cost you $279,138. A 3-bed apartment goes for $354,465, it increased by 3.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 1.4% and made it down to $451,479.
While assessing the property pricing Lexington Park, MD, you can note that it remains flat with a price tag of $108,947. Price reports demonstrate that house price increased by 3.6% this month making it up to $415,984. Condos are really in demand in this season. The median price for a condo increased by 9.4%, it’s now available for $288,028. The price statistics of lofts have not significantly changed, it now still goes for $555,000. The property value of townhouses decreased by 2.3%, you’ll have to spend around $371,033 to get one.