There are currently 1,278 real estate properties in Mount Rainier, MD, with a median automated valuation model (AVM) price of $501,330.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mount Rainier, 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 Mount Rainier, MD, is $498,523.00, with the most expensive house in Mount Rainier, MD, topping out at $2,624,000.00 and the cheapest home in Mount Rainier, MD, clocking in at $124,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Mount Rainier, MD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mount Rainier, MD, is on a rollercoaster ride. The average rent price in Mount Rainier, MD, is $2,124.00. Indeed, when looking to rent in Mount Rainier, MD, you can expect to pay as little as $1,200.00 or as much as $4,500.00, with the average rent median estimated to be $2,080.00. The good news is that finding an affordable and desirable property to rent in Mount Rainier, 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.
Mount Rainier is located in Prince George's, Maryland, with an estimated municipal population of 8,093 residents. All of the best foreclosed homes for sale in Mount Rainier are located in the following zip code areas on Foreclosure.com: 20712. The estimated population per square kilometer (.62 miles) in Mount Rainier is 4,910.
So, about how much do homes cost in Mount Rainier? The most recent median value of resident-owned homes in Mount Rainier is 356,244. An estimated 24.2 percent of households in Mount Rainier own their homes, with an average family size of 3.39. The median household income in Mount Rainier is 55,768, with22.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mount Rainier, the median commute time of resident workers (in minutes) is 34.4. And last, but certainly not least, are you looking for homes to rent in Mount Rainier? If so, the average rent price paid by renters in Mount Rainier is 1,245, 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 Mount Rainier, 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 Mount Rainier is 38.1, split between 48.1 percent male versus 51.9 female. The percentage of residents who report being married in Mount Rainier is 39.6, with an average family size of 3.39.
The percentage of residents who report their race in Mount Rainier is as follows:
| White | 21.3% |
| Black / African American | 43.1% |
| Asian | 2.6% |
| American Indian / Alaskan Native | 0.4% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 4% |
| Other | 28.6% |
Looking for family-friendly neighborhoods in and/or near Mount Rainier? Or maybe you are searching for 55+ active adult communities in and/or near Mount Rainier?
The percentage of residents who report their age in Mount Rainier is as follows:
| Under 10 | 12.5% |
| Aged 10-19 | 9.7% |
| 20s | 15.2% |
| 30s | 16.2% |
| 40s | 17.1% |
| 50s | 14.5% |
| 60s | 10% |
| 70s | 2.2% |
| 80+ | 2.5% |
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 Mount Rainier with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mount Rainier.
How do you know that living in -- or moving to -- Mount Rainier is right where you need to be? Perhaps you grew up in Mount Rainier or already live nearby; therefore, the decision to buy a home in Mount Rainier is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mount Rainier 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 Mount Rainier:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mount Rainier.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mount Rainier can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mount Rainier, meanwhile, can field multiple offers from more qualified buyers.
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