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Preforeclosure Homes in Hampstead, MD

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Summit-st-Hampstead-MD-21074
Preforeclosure
$248,773 EMV

Summit St
Hampstead, MD 21074

| 2 Bath | 1,343 Sq. Ft.

Displaying 1 - 1 of 1
 

Home Value Estimator For Hampstead, MD

There are currently 5,098 real estate properties in Hampstead, MD, with a median automated valuation model (AVM) price of $334,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hampstead, 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 Hampstead, MD, is $361,153.00, with the most expensive house in Hampstead, MD, topping out at $17,942,700.00 and the cheapest home in Hampstead, MD, clocking in at $113,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Hampstead, MD!


Rent Prices In Hampstead, MD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hampstead, MD, is on a rollercoaster ride. The average rent price in Hampstead, MD, is $1,733.00. Indeed, when looking to rent in Hampstead, MD, you can expect to pay as little as $1,060.00 or as much as $3,440.00, with the average rent median estimated to be $1,680.00. The good news is that finding an affordable and desirable property to rent in Hampstead, 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.


Foreclosure Homes in Hampstead, MD

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Hampstead, MD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Hampstead, MD and much more. Save thousands at closing with home foreclosure listings in Hampstead, MD — up to 75% off market value!


Top Reasons To Live In Hampstead, MD In 2021

Hampstead is located in Carroll, Maryland, with an estimated municipal population of 6,401 residents. All of the best foreclosed homes for sale in Hampstead are located in the following zip code areas on Foreclosure.com: 21074. The estimated population per square kilometer (.62 miles) in Hampstead is 745.


Cost Of Living In Hampstead, MD

So, about how much do homes cost in Hampstead? The most recent median value of resident-owned homes in Hampstead is 245,760. An estimated 73.3 percent of households in Hampstead own their homes, with an average family size of 3.24. The median household income in Hampstead is 77,083, with35 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Hampstead, the median commute time of resident workers (in minutes) is 40.4. And last, but certainly not least, are you looking for homes to rent in Hampstead? If so, the average rent price paid by renters in Hampstead is 866, according to recent statistics.


Diversity And Demographics In Hampstead, 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 Hampstead, 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 Hampstead is 36.6, split between 45.6 percent male versus 54.4 female. The percentage of residents who report being married in Hampstead is 48.9, with an average family size of 3.24.

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

White 91.7%
Black / African American 2.4%
Asian 2.7%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.7%
Other 0.8%

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

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

Under 10 10.8%
Aged 10-19 14.4%
20s 12.6%
30s 14.9%
40s 12.6%
50s 14.8%
60s 10.5%
70s 5.3%
80+ 4.1%

Best Schools In Hampstead, 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 Hampstead with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Hampstead.


Pros And Cons Of Living In Hampstead, Maryland

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

  • 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 Hampstead.


Reasons To Move To Hampstead, Maryland, In 2021

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

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