Best Places to Buy a House in Maryland

Editor's note: This is not investment advice and nosotros are non financial advisers. Article updated for 2021.

There's a the age onetime question everyone thinks about when they decide to motion to a metropolis in Maryland:

Should I purchase a place or rent? Well, nosotros aren't here today to solve that trouble for you exactly. We are only assuming yous'll exercise the right matter and a purchase a place. And while we are happy to tell you the best place to live in Maryland, this analysis is going to tackle the question of the best place to buy a business firm as an investor. That is we are going to try and determine the upward and coming cities in the Old Line State.

To practice that nosotros are going to await at places in Maryland that are growing faster than average, only where home prices are below average. In every day terms, the "deals". The best deal in Maryland at the moment? That would exist Cheste according to our analysis.

Here's a await at the height ten places to buy a home in Maryland for 2021.

What's the best identify to buy a home in Maryland for 2021? According to our analysis, would the the ideal identify to buy a home looking into the future.

The methodology that wen't into this tin be a bit complicated, and so we'll interruption it down for you in as much particular as nosotros tin beneath. If you're non worried about finding a deal on practiced places to live, cheque out the most expensive places to live in Maryland and, for those of you lot on a upkeep, the cheapest places to live in Maryland.

For more Maryland reading, check out:

• Best Counties To Live In Maryland
• Best Places To Raise A Family In Maryland
• Best Places To Retire In Maryland

The 10 Best Cities To Buy A House In Maryland For 2021

Source: Public Domain

Population: 5,088
Median Dwelling Toll: $242,700
Population Change: -0.5%
Home Price Change: 2.8%
More than on Cheste: Homes For Auction | Data

Population: 5,191
Median Dwelling Price: $475,000
Population Modify: 0.four%
Abode Price Alter: half dozen.6%
More on Poolesville: Photos | Homes For Sale | Data

Population: 5,244
Median Home Cost: $168,500
Population Change: 0.8%
Home Price Change: 0.8%
More on Fruitland: Photos | Homes For Sale | Data

Population: 5,960
Median Dwelling house Price: $338,600
Population Change: 0.6%
Abode Price Change: iii.0%
More than on Chesapeake Embankment: Photos | Homes For Sale | Data

Population: 6,000
Median Dwelling Price: $251,600
Population Change: 0.4%
Dwelling house Price Change: 5.7%
More on Commune Heights: Photos | Homes For Auction | Data

Population: half dozen,140
Median Home Price: $276,400
Population Alter: -0.5%
Dwelling Cost Change: 3.five%
More on Glenarden: Homes For Sale | Data

Source: Public domain

Population: half-dozen,179
Median Dwelling house Price: $290,800
Population Change: ane.four%
Home Cost Modify: 2.1%
More than on Walkersville: Photos | Homes For Sale | Data

Source: Public domain

Population: vi,258
Median Home Cost: $237,800
Population Change: 1.0%
Home Toll Change: 3.7%
More on Brunswick: Photos | Homes For Auction | Data

Source: Public domain

Population: half-dozen,362
Median Dwelling house Price: $245,700
Population Alter: 0.3%
Home Price Change: -0.2%
More on Hampstead: Photos | Homes For Auction | Data

Source: Public domain

Population: 6,435
Median Abode Cost: $352,800
Population Change: -0.3%
Dwelling Price Change: six.iii%
More on Cheverly: Photos | Homes For Sale | Data

How practice you determine the best places to buy a domicile in Maryland for 2021?

We were in real estate for almost 5 years and take been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

And then all that thinking has come to this moment where we get to spell out how we'd arroyo finding an up-and-coming identify to live in Maryland. Put differently, the analysis will try to find places in Maryland with undervalued homes relative to pent upwardly demand.

To do that we looked at the nigh contempo American Community Survey Census data for 2015-2019 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

• Y-o-Y Change In Population (People want to alive here)
• Y-o-Y Change In Median Home Prices (People are willing to pay for it)
• Domicile Prices Relative To The State Average (It'south nonetheless kinda cheap)

We want places that are growing, accept seen abode prices increase in recent years, and are still "inexpensive" for Maryland with the following caveats:

• Dwelling house prices had to exist inside xx% of the state average (Much lower than that and you lot go to some of the more than dangerous places)
• Dwelling house prices increased in the concluding year, and
• Higher up 5,000 people (Bigger cities have more information points)

So of the 0 cities and towns in Maryland, but 41 places fabricated it through our initial filters to even be considered.

We then ranked each place from 1 to 41 for the criteria mentioned above with i being the all-time for that criteria. Nosotros averaged the rankings to create a "best place to buy" alphabetize with the place having the lowest index being the best. You lot can download the data here.

Turns out that Cheste is the all-time potential jewel in the not-so-rough in the Old Line State.

Read on for more on these places.

There Y'all Have It - The Best Places To Purchase A House In Maryland for 2021

There'south our analysis of the best places to buy a house in Maryland. And, to be clear, nosotros aren't necessarily saying these places are the best places to live, just that it looks similar they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, then fifty-fifty though it may non look super long, call up nosotros started off with all 0 places in the land.

So if we'd could rent or buy in these cities, we'd definitely purchase.

For more Maryland reading, check out:

• Richest Cities In Maryland
• Safest Places In Maryland

Detailed List Of The Best Places To Buy A Habitation In Maryland

City	Rank	Median Home Toll	Population Change	Dwelling Cost Increase
Cheste	one	$242,700	-0.five%	2.8%
Poolesville	ii	$475,000	0.4%	6.6%
Fruitland	3	$168,500	0.viii%	0.8%
Chesapeake Beach	four	$338,600	0.six%	3.0%
Commune Heights	5	$251,600	0.4%	5.seven%
Glenarden	6	$276,400	-0.5%	3.5%
Walkersville	vii	$290,800	1.4%	two.1%
Brunswick	viii	$237,800	1.0%	3.7%
Hampstead	ix	$245,700	0.three%	-0.2%
Cheverly	10	$352,800	-0.three%	vi.3%
Thurmont	eleven	$247,600	i.1%	-0.2%
Taneytown	12	$252,700	0.2%	0.0%
Ocean Metropolis	thirteen	$298,500	-0.iii%	2.six%
Riverdale Park	14	$328,600	-0.3%	8.1%
Mount Rainier	fifteen	$354,400	-0.0%	five.four%
Frostburg	sixteen	$139,000	-0.4%	-11.2%
La Plata	17	$330,000	1.3%	-0.2%
Mount Blusterous	xviii	$371,500	0.0%	0.8%
Bladensburg	xix	$255,100	0.one%	eleven.1%
Bel Air	20	$245,400	0.0%	0.i%
Cambridge	21	$163,200	-0.2%	3.0%
New Carrollton	22	$271,100	0.0%	6.0%
Havre De Grace	23	$287,500	0.seven%	-0.six%
Elkton	24	$194,800	-0.2%	1.half dozen%
Aberdeen	25	$205,900	0.9%	0.three%
Easton	26	$276,900	0.ii%	0.5%
Takoma Park	27	$583,800	0.three%	5.2%
Hyattsville	28	$336,300	0.2%	7.3%
Westminster	29	$242,700	-0.0%	0.8%
Cumberland	xxx	$94,100	-i.0%	1.2%
Greenbelt	31	$227,400	0.1%	6.9%
Laurel	32	$269,000	-0.3%	3.v%
College Park	33	$330,300	-0.one%	6.eight%
Salisbury	34	$158,700	0.5%	2.nine%
Annapolis	35	$420,500	0.iii%	one.7%
Hagerstown	36	$155,700	-0.1%	two.iii%
Bowie	37	$338,100	0.ii%	3.4%
Rockville	38	$540,000	0.7%	3.5%
Gaithersburg	39	$392,200	0.3%	0.six%
Frederick	40	$270,400	1.0%	1.8%
Baltimore	41	$160,100	-0.9%	2.4%

How Is The Expanse In ?

brownshead1942.blogspot.com

Source: https://www.homesnacks.com/best-places-to-buy-a-house-in-maryland/