Annapolis, the state capital of Maryland, is known as American's Sailing Center. It is the home of the United States Naval Academy, and has a booming sea-food packaging industry. Annapolis is a wonderful place to live, work and raise a family.
If you are looking into what is for sale in Annapolis, start by researching the neighborhoods to see what they offer. Finding the right home for sale in Annapolis may not be easy, but is something that is worth being patient for.
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| Population 35,838 | Median Age 35.7 yrs | Household Size: 2.30 |
| Avg Commute: 25.8 min | Avg Income $49,243 | Avg Home Value: $165,600 |
| July High: 87.7°F | January Low: 23.8°F | |
For Sale in Annapolis
Annapolis is Maryland’s state capital as well as the county seat of Anne Arundel County. Annapolis has a population of approximately 40,000 residents as of 2000, and it continues to grow. The city of Annapolis has many great assets; it offers a wonderful location, quality real estate and fun recreational opportunities.
There are many great things about Annapolis real estate. The city of Annapolis states that Neighborhoods are its heart and soul. Because of its commitment to its neighborhood, Annapolis offers a lot of wonderful homes.
Annapolis Real Estate Basics
The city of Annapolis is approximately 47 square miles and there are approximately 875 people per square mile. The median age in Annapolis is 21 years of age. Five percent of the population consists of people in the armed forces. There are approximately 20,209 housing units located in Annapolis. The average price of a home is $282,542, while the average rental price is $743.
Important Things to Know About Buying in Annapolis
- When Buying is a Good Idea
Buying a home in Annapolis is only a good idea if you plan to stay. If you do not plan to stay for a while, then it is usually a waste of money to buy a home; it would be a better use of your money to rent.
- Pre-Approval
It is often a good idea to get pre-approval before you start house hunting. Pre-approval is where an Annapolis lender thoroughly examines your financial standing and credit history and approves you for a loan for a certain amount of money. Knowing how much of a loan you are able to get will help you know in what price range to look when you begin looking at what is for sale in Annapolis.
- Consider Re-sale value
When you buy a home, it is a good idea to consider what would help your home sell if you ever had to sell it. The top thing to do to get good re-sale value is to buy in a good school district. If you end up selling, the location in a good school district will make your home more appealing to buyers.
- Real Estate agents
Getting the aid of a real estate professional is a good idea when you are looking into what is for sale in Annapolis. Real estate agents are experienced in buying homes and they will be able to help you with the process. Your agent will know where to look for good homes and how to get the best deals.
The variety of what is for sale in Annapolis can make it hard to decide where to start. Narrowing down what you want in a home will help you sort through the area listings. Hiring a real estate agent will also help the process go easier.
By Elyse Brouhard
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®