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There are currently 5 real estate properties in Colesville, MD, with a median automated valuation model (AVM) price of $557,650.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Colesville, 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 Colesville, MD, is $755,088.00, with the most expensive house in Colesville, MD, topping out at $1,576,308.00 and the cheapest home in Colesville, MD, clocking in at $520,775.00. In other words, there’s something for every potential homebuyer or savvy investor in Colesville, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Colesville, MD, is on a rollercoaster ride. The average rent price in Colesville, MD, is $2,776.00. Indeed, when looking to rent in Colesville, MD, you can expect to pay as little as $2,290.00 or as much as $4,620.00, with the average rent median estimated to be $2,290.00. The good news is that finding an affordable and desirable property to rent in Colesville, 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.
Colesville is located in Montgomery, Maryland, with an estimated municipal population of 13,992 residents. All of the best foreclosed homes for sale in Colesville are located in the following zip code areas on Foreclosure.com: 20904 20914. The estimated population per square kilometer (.62 miles) in Colesville is 1,055.
So, about how much do homes cost in Colesville? The most recent median value of resident-owned homes in Colesville is 462,800. An estimated 90.3 percent of households in Colesville own their homes, with an average family size of 3.35. The median household income in Colesville is 125,497, with61.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Colesville, the median commute time of resident workers (in minutes) is 36.2. And last, but certainly not least, are you looking for homes to rent in Colesville? If so, the average rent price paid by renters in Colesville is 1,897, 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 Colesville, 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 Colesville is 50.5, split between 51 percent male versus 49 female. The percentage of residents who report being married in Colesville is 53, with an average family size of 3.35.
The percentage of residents who report their race in Colesville is as follows:
| White | 40% |
| Black / African American | 29.4% |
| Asian | 19.6% |
| American Indian / Alaskan Native | 0.1% |
| Native Hawaiian / Other Pacifc Islander | 0.2% |
| Multi-racial | 5.1% |
| Other | 5.7% |
Looking for family-friendly neighborhoods in and/or near Colesville? Or maybe you are searching for 55+ active adult communities in and/or near Colesville?
The percentage of residents who report their age in Colesville is as follows:
| Under 10 | 8.8% |
| Aged 10-19 | 11.3% |
| 20s | 9.1% |
| 30s | 8.8% |
| 40s | 11.4% |
| 50s | 15.7% |
| 60s | 18.9% |
| 70s | 8% |
| 80+ | 8.2% |
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 Colesville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Colesville.
How do you know that living in -- or moving to -- Colesville is right where you need to be? Perhaps you grew up in Colesville or already live nearby; therefore, the decision to buy a home in Colesville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Colesville 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 Colesville:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Colesville.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Colesville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Colesville, meanwhile, can field multiple offers from more qualified buyers.
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