There are currently 681 real estate properties in Cabin John, MD, with a median automated valuation model (AVM) price of $980,340.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cabin John, 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 Cabin John, MD, is $1,045,186.00, with the most expensive house in Cabin John, MD, topping out at $3,699,000.00 and the cheapest home in Cabin John, MD, clocking in at $156,920.00. In other words, there’s something for every potential homebuyer or savvy investor in Cabin John, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cabin John, MD, is on a rollercoaster ride. The average rent price in Cabin John, MD, is $3,634.00. Indeed, when looking to rent in Cabin John, MD, you can expect to pay as little as $1,640.00 or as much as $5,140.00, with the average rent median estimated to be $3,720.00. The good news is that finding an affordable and desirable property to rent in Cabin John, 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.
Cabin John is located in Montgomery, Maryland, with an estimated municipal population of 2,121 residents. All of the best foreclosed homes for sale in Cabin John are located in the following zip code areas on Foreclosure.com: 20818. The estimated population per square kilometer (.62 miles) in Cabin John is 694.
So, about how much do homes cost in Cabin John? The most recent median value of resident-owned homes in Cabin John is 919,566. An estimated 93.1 percent of households in Cabin John own their homes, with an average family size of 2.93. The median household income in Cabin John is 182,279, with78.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cabin John, the median commute time of resident workers (in minutes) is 33.2.
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 Cabin John, 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 Cabin John is 48.6, split between 45.8 percent male versus 54.2 female. The percentage of residents who report being married in Cabin John is 61.3, with an average family size of 2.93.
The percentage of residents who report their race in Cabin John is as follows:
White | 74.2% |
Black / African American | 6.7% |
Asian | 13.2% |
American Indian / Alaskan Native | 0% |
Native Hawaiian / Other Pacifc Islander | 0.5% |
Multi-racial | 2.1% |
Other | 3.3% |
Looking for family-friendly neighborhoods in and/or near Cabin John? Or maybe you are searching for 55+ active adult communities in and/or near Cabin John?
The percentage of residents who report their age in Cabin John is as follows:
Under 10 | 7.5% |
Aged 10-19 | 19.1% |
20s | 7% |
30s | 7.1% |
40s | 13.2% |
50s | 19.7% |
60s | 15% |
70s | 8.5% |
80+ | 2.8% |
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 Cabin John with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cabin John.
How do you know that living in -- or moving to -- Cabin John is right where you need to be? Perhaps you grew up in Cabin John or already live nearby; therefore, the decision to buy a home in Cabin John is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cabin John 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 Cabin John:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cabin John.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cabin John can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cabin John, meanwhile, can field multiple offers from more qualified buyers.
Millions of people receive foreclosure alerts daily, don't miss out.