Other Free Encyclopedias » Real Estate » Real Estate

Glen Burnie Real Estate - The Condition of the Real Estate Market in Glen Burnie, Maryland

average baltimore median homes

Located in northern Maryland, the city of Glen Burnie is home to approximately 39,000 citizens. The total land area of Glen Burnie is 12.9 square miles, which makes the population density about 3,300 people per square mile. This means that there is still room available for the prospective home buyer to find the right piece of land in Glen Burnie. As it is 10 miles north of Baltimore, Glen Burnie is one of the many suburbs that supply Baltimore with their employee population. The combination of affordable housing and local jobs creates a great combination for someone looking to relocate to the Maryland area.

In the past five years, Glen Burnie has stayed pretty steady in terms of how many homes have been sold on a year-to-year basis. Its median housing prices since 2004, however, have risen from $150,000 to $250,000. It is important to note, though, that the median price has stayed at the current $250,000 mark for the past three years. The median rent for an apartment/condominium in Glen Burnie runs approximately $1,000 per month, which is slightly higher than the national average.

Most of the homes in Glen Burnie were built before 1970, but they remain, for the most part, in exquisite shape. The average house will have three bedrooms and two bathrooms while the average rental unit has between one and two bedrooms along with one bathroom.

The vast majority of homes are currently valued somewhere in the range of $200,000 to $400,000. Rental properties usually average between $800 and $1,250 per month in the Glen Burnie area. As Glen Burnie is a great location to live for anyone that works in Baltimore, the average commute is between 15 and 30 minutes. Since only 18% of all residents in Glen Burnie actually work in the city, it can be inferred that many of them make the daily commute to Baltimore.

Hampton Real Estate Agent - Finding a Hampton Real Estate Agent [next] [back] Garland Texas Real Estate - Great Deals in Garland Texas Real Estate

User Comments

Your email address will be altered so spam harvesting bots can't read it easily.
Hide my email completely instead?

Cancel or