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There are currently 1,154 real estate properties in Mardela Springs, MD, with a median automated valuation model (AVM) price of $189,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mardela Springs, 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 Mardela Springs, MD, is $218,275.00, with the most expensive house in Mardela Springs, MD, topping out at $1,092,100.00 and the cheapest home in Mardela Springs, MD, clocking in at $19,590.00. In other words, there’s something for every potential homebuyer or savvy investor in Mardela Springs, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mardela Springs, MD, is on a rollercoaster ride. The average rent price in Mardela Springs, MD, is $1,275.00. Indeed, when looking to rent in Mardela Springs, MD, you can expect to pay as little as $590.00 or as much as $2,000.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Mardela Springs, 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.
Mardela Springs is located in Wicomico, Maryland, with an estimated municipal population of 351 residents. All of the best foreclosed homes for sale in Mardela Springs are located in the following zip code areas on Foreclosure.com: 21837. The estimated population per square kilometer (.62 miles) in Mardela Springs is 333.
So, about how much do homes cost in Mardela Springs? The most recent median value of resident-owned homes in Mardela Springs is 165,964. An estimated 75.6 percent of households in Mardela Springs own their homes, with an average family size of 3.46. The median household income in Mardela Springs is 80,862, with20.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mardela Springs, the median commute time of resident workers (in minutes) is 34.3. And last, but certainly not least, are you looking for homes to rent in Mardela Springs? If so, the average rent price paid by renters in Mardela Springs is 1,163, 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 Mardela Springs, 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 Mardela Springs is 38.3, split between 41.7 percent male versus 58.3 female. The percentage of residents who report being married in Mardela Springs is 43.6, with an average family size of 3.46.
The percentage of residents who report their race in Mardela Springs is as follows:
| White | 82.5% |
| Black / African American | 14.5% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 3% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Mardela Springs? Or maybe you are searching for 55+ active adult communities in and/or near Mardela Springs?
The percentage of residents who report their age in Mardela Springs is as follows:
| Under 10 | 14% |
| Aged 10-19 | 15.3% |
| 20s | 10.4% |
| 30s | 12.5% |
| 40s | 16% |
| 50s | 14.1% |
| 60s | 7.6% |
| 70s | 7.5% |
| 80+ | 2.6% |
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 Mardela Springs with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mardela Springs.
How do you know that living in -- or moving to -- Mardela Springs is right where you need to be? Perhaps you grew up in Mardela Springs or already live nearby; therefore, the decision to buy a home in Mardela Springs is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mardela Springs 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 Mardela Springs:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mardela Springs.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mardela Springs can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mardela Springs, meanwhile, can field multiple offers from more qualified buyers.
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