Bel Air North, Maryland Housing Market Prices
Bel Air North Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 31% above the Maryland median$349,870
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Median rent 10% below the Maryland median$1,528
Housing Market Overview
| Metric | Bel Air North | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,870 | $267,101 | $248,835 |
| Price Trend (Annual %) | 4.7% | 3.4% | 7.5% |
| Median Gross Rent | $1,528 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 1.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bel Air North is about 31% higher than in Maryland. Rent is about 10% lower than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bel Air North, up about 4.7% and 1.6% a year respectively. Home prices are changing faster.
Median rent in Bel Air North rose about 14.5% between 2015 and 2024, from $1,334 to $1,528. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Bel Air North.
Buying the median-priced home in Bel Air North costs roughly 19.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bel Air North. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Bel Air North | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,870 | $267,101 | $248,835 |
| Median Household Income | $128,792 | $103,916 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Bel Air North rose about 25.0%, while median household income rose about 40.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bel Air North | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 85.3% | 62.4% | 58.5% |
| Rental Rate | 13.0% | 29.9% | 31.2% |
| Vacancy Rate | 1.6% | 7.7% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Bel Air North has a homeownership rate of 85.3%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 1.6%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Bel Air North | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1990 | 1977 | 1978 |
| Median Number of Rooms | 7.7 | 6.2 | 5.5 |
The typical housing unit in Bel Air North was built around 1990. On average, 2.7 people live in a home with about 7.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bel Air North, Maryland.
What is the median home price in Bel Air North, Maryland?
The median home price in Bel Air North, Maryland is $349,870, higher than the Maryland average of $267,101.
What is the average home price in Bel Air North, Maryland?
The typical home price in Bel Air North, Maryland, reported as the median sale price, is $349,870. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bel Air North, Maryland?
The median gross rent in Bel Air North, Maryland is $1,528 per month, lower than the Maryland average of $1,704.
What was the median gross rent in Bel Air North in 2020?
In 2020, the median gross rent in Bel Air North, Maryland was $1,379 per month.
What is the price-to-rent ratio in Bel Air North, Maryland?
The price-to-rent ratio in Bel Air North, Maryland is about 19.1, meaning it would take roughly 19.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bel Air North.
Are home prices or rent rising faster in Bel Air North, Maryland?
Both home prices and rent are rising in Bel Air North, up about 4.7% and 1.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bel Air North, Maryland?
85.3% of households in Bel Air North, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Bel Air North, Maryland?
The housing vacancy rate in Bel Air North, Maryland is 1.6%, lower than the Maryland average of 7.7%.
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