Maryland Real Estate
According to census data in the year 2000 there were 2,145,283 housing units in Maryland.
This represents a 13.4% from 1,891,917 in 1990.
Of those housing units, 1,852,579 were located in either urbanized areas or urban clusters, and 292,704 were located in what is classified as a rural area.
Homeownership rate in Maryland is about 67.7%.
Maryland's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Maryland were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 11.9% |
| Two Bedrooms | 22.8% |
| Three Bedrooms | 39% |
| Four Bedrooms | 19.1% |
| Five Bedrooms or more | 5.2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $146,000 |
| Median Price asked for vacant units | $108,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $571 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 9.9% |
| Home Equity Loan | 9.8% |
| Simple Mortgage | 57.6% |
| Debt Free | 22.3% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.9% |
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