There are currently 22,843 real estate properties in Bel Air, MD, with a median automated valuation model (AVM) price of $377,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bel Air, MD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bel Air, MD, is $389,225.00, with the most expensive house in Bel Air, MD, topping out at $1,798,000.00 and the cheapest home in Bel Air, MD, clocking in at $77,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Bel Air, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bel Air, MD, is on a rollercoaster ride. The average rent price in Bel Air, MD, is $1,922.00. Indeed, when looking to rent in Bel Air, MD, you can expect to pay as little as $940.00 or as much as $5,240.00, with the average rent median estimated to be $1,860.00. The good news is that finding an affordable and desirable property to rent in Bel Air, MD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Bel Air, MD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Bel Air, MD and much more. Save thousands at closing with home foreclosure listings in Bel Air, MD — up to 75% off market value!
Bel Air is located in Harford, Maryland, with an estimated municipal population of 10,119 residents. All of the best foreclosed homes for sale in Bel Air are located in the following zip code areas on Foreclosure.com: 21014. The estimated population per square kilometer (.62 miles) in Bel Air is 1,286.
So, about how much do homes cost in Bel Air? The most recent median value of resident-owned homes in Bel Air is 248,244. An estimated 62.1 percent of households in Bel Air own their homes, with an average family size of 2.92. The median household income in Bel Air is 71,122, with34 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bel Air, the median commute time of resident workers (in minutes) is 28.3. And last, but certainly not least, are you looking for homes to rent in Bel Air? If so, the average rent price paid by renters in Bel Air is 1,275, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Bel Air, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Bel Air is 41.7, split between 47.5 percent male versus 52.5 female. The percentage of residents who report being married in Bel Air is 45.8, with an average family size of 2.92.
The percentage of residents who report their race in Bel Air is as follows:
|Black / African American||3.9%|
|American Indian / Alaskan Native||0.7%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Bel Air? Or maybe you are searching for 55+ active adult communities in and/or near Bel Air?
The percentage of residents who report their age in Bel Air is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Bel Air with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bel Air.
How do you know that living in -- or moving to -- Bel Air is right where you need to be? Perhaps you grew up in Bel Air or already live nearby; therefore, the decision to buy a home in Bel Air is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bel Air for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Bel Air:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bel Air.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bel Air can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bel Air, meanwhile, can field multiple offers from more qualified buyers.