Bel Air, MD Real Estate
According to census data in the year 2000 there were 4,465 housing units in Bel Air.
This represents a 15.7% growth from 3,860 in 1990.
Of those housing units, 4,465 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Bel Air is about 65.8%.
Bel Air's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Bel Air were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 11.60% |
| Two Bedrooms | 39.60% |
| Three Bedrooms | 32.70% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $139,000 |
| Median Price asked for vacant units | $156,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $536 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 9.70% |
| Home Equity Loan | 8.50% |
| Simple Mortgage | 52.50% |
| Debt Free | 28.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.8% |
