There are currently 273 real estate properties in Friendship, MD, with a median automated valuation model (AVM) price of $512,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Friendship, 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 Friendship, MD, is $534,850.00, with the most expensive house in Friendship, MD, topping out at $3,500,000.00 and the cheapest home in Friendship, MD, clocking in at $233,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Friendship, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Friendship, MD, is on a rollercoaster ride. The average rent price in Friendship, MD, is $2,247.00. Indeed, when looking to rent in Friendship, MD, you can expect to pay as little as $1,400.00 or as much as $4,340.00, with the average rent median estimated to be $2,210.00. The good news is that finding an affordable and desirable property to rent in Friendship, 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 Friendship, MD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Friendship, MD and much more. Save thousands at closing with home foreclosure listings in Friendship, MD — up to 75% off market value!
Friendship is located in Anne Arundel, Maryland, with an estimated municipal population of 294 residents. All of the best foreclosed homes for sale in Friendship are located in the following zip code areas on Foreclosure.com: 20758. The estimated population per square kilometer (.62 miles) in Friendship is 63.
So, about how much do homes cost in Friendship? The most recent median value of resident-owned homes in Friendship is 651,706. An estimated 87.8 percent of households in Friendship own their homes, with an average family size of 3.15. The median household income in Friendship is 93,500, with37.7 percentage of households earning at least $100,000 annually.
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 Friendship, 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 Friendship is 47.2, split between 53.4 percent male versus 46.6 female. The percentage of residents who report being married in Friendship is 73.7, with an average family size of 3.15.
The percentage of residents who report their race in Friendship is as follows:
|Black / African American||15.3%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Friendship? Or maybe you are searching for 55+ active adult communities in and/or near Friendship?
The percentage of residents who report their age in Friendship 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 Friendship with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Friendship.
How do you know that living in -- or moving to -- Friendship is right where you need to be? Perhaps you grew up in Friendship or already live nearby; therefore, the decision to buy a home in Friendship is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Friendship 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 Friendship:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Friendship.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Friendship can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Friendship, meanwhile, can field multiple offers from more qualified buyers.