Short Sale Listings in Capitol Heights, MD

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View this home at Modupeola Way Capitol Heights MD 20743
$420,610 EMV
Modupeola Way
Capitol Heights, MD 20743
EST. RENT: $2,230
AUCTION: 05-13-2024
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Home Value Estimator For Capitol Heights, MD

There are currently 12,121 real estate properties in Capitol Heights, MD, with a median automated valuation model (AVM) price of $314,621.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Capitol Heights, 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 Capitol Heights, MD, is $335,073.00, with the most expensive house in Capitol Heights, MD, topping out at $3,332,300.00 and the cheapest home in Capitol Heights, MD, clocking in at $14,224.00. In other words, there’s something for every potential homebuyer or savvy investor in Capitol Heights, MD!

Rent Prices In Capitol Heights, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Capitol Heights, MD, is on a rollercoaster ride. The average rent price in Capitol Heights, MD, is $1,823.00. Indeed, when looking to rent in Capitol Heights, MD, you can expect to pay as little as $900.00 or as much as $4,500.00, with the average rent median estimated to be $1,770.00. The good news is that finding an affordable and desirable property to rent in Capitol Heights, 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.

Top Reasons To Live In Capitol Heights, MD In 2024

Capitol Heights is located in Prince George's, Maryland, with an estimated municipal population of 4,514 residents. All of the best foreclosed homes for sale in Capitol Heights are located in the following zip code areas on 20743 20731. The estimated population per square kilometer (.62 miles) in Capitol Heights is 2,232.

Cost Of Living In Capitol Heights, MD

So, about how much do homes cost in Capitol Heights? The most recent median value of resident-owned homes in Capitol Heights is 226,043. An estimated 81.4 percent of households in Capitol Heights own their homes, with an average family size of 3.53. The median household income in Capitol Heights is 70,919, with33.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Capitol Heights, the median commute time of resident workers (in minutes) is 37.9. And last, but certainly not least, are you looking for homes to rent in Capitol Heights? If so, the average rent price paid by renters in Capitol Heights is 1,320, according to recent statistics.

Diversity And Demographics In Capitol Heights, Maryland

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 Capitol Heights, 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 Capitol Heights is 38.7, split between 40.9 percent male versus 59.1 female. The percentage of residents who report being married in Capitol Heights is 31.7, with an average family size of 3.53.

The percentage of residents who report their race in Capitol Heights is as follows:

White 5.5%
Black / African American 82.6%
Asian 0.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.5%
Other 10.1%

Looking for family-friendly neighborhoods in and/or near Capitol Heights? Or maybe you are searching for 55+ active adult communities in and/or near Capitol Heights?

The percentage of residents who report their age in Capitol Heights is as follows:

Under 10 13.4%
Aged 10-19 13.3%
20s 11.8%
30s 13.3%
40s 10.2%
50s 16.9%
60s 12.5%
70s 5.7%
80+ 3%

Best Schools In Capitol Heights, Maryland

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 Capitol Heights with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Capitol Heights.

Pros And Cons Of Living In Capitol Heights, Maryland

How do you know that living in -- or moving to -- Capitol Heights is right where you need to be? Perhaps you grew up in Capitol Heights or already live nearby; therefore, the decision to buy a home in Capitol Heights is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Capitol Heights 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 Capitol Heights:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Capitol Heights.

Reasons To Move To Capitol Heights, Maryland, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Capitol Heights can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Capitol Heights, meanwhile, can field multiple offers from more qualified buyers.

Capitol Heights, MD Short Sale Listings


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