There are currently 26,429 real estate properties in Ellicott City, MD, with a median automated valuation model (AVM) price of $590,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ellicott City, 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 Ellicott City, MD, is $604,524.00, with the most expensive house in Ellicott City, MD, topping out at $51,548,400.00 and the cheapest home in Ellicott City, MD, clocking in at $161,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Ellicott City, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ellicott City, MD, is on a rollercoaster ride. The average rent price in Ellicott City, MD, is $2,668.00. Indeed, when looking to rent in Ellicott City, MD, you can expect to pay as little as $1,100.00 or as much as $5,040.00, with the average rent median estimated to be $2,650.00. The good news is that finding an affordable and desirable property to rent in Ellicott City, 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 Ellicott City, MD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Ellicott City, MD and much more. Save thousands at closing with home foreclosure listings in Ellicott City, MD — up to 75% off market value!
Ellicott City is located in Howard, Maryland, with an estimated municipal population of 72,665 residents. All of the best foreclosed homes for sale in Ellicott City are located in the following zip code areas on Foreclosure.com: 21042 21043 21041. The estimated population per square kilometer (.62 miles) in Ellicott City is 936.
So, about how much do homes cost in Ellicott City? The most recent median value of resident-owned homes in Ellicott City is 536,943. An estimated 74.1 percent of households in Ellicott City own their homes, with an average family size of 3.22. The median household income in Ellicott City is 131,534, with62.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Ellicott City, the median commute time of resident workers (in minutes) is 30.6. And last, but certainly not least, are you looking for homes to rent in Ellicott City? If so, the average rent price paid by renters in Ellicott City is 1,615, 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 Ellicott City, 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 Ellicott City is 41.4, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Ellicott City is 63.9, with an average family size of 3.22.
The percentage of residents who report their race in Ellicott City is as follows:
|Black / African American||8.8%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Ellicott City? Or maybe you are searching for 55+ active adult communities in and/or near Ellicott City?
The percentage of residents who report their age in Ellicott City 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 Ellicott City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Ellicott City.
How do you know that living in -- or moving to -- Ellicott City is right where you need to be? Perhaps you grew up in Ellicott City or already live nearby; therefore, the decision to buy a home in Ellicott City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Ellicott City 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 Ellicott City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Ellicott City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ellicott City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ellicott City, meanwhile, can field multiple offers from more qualified buyers.