Redland, MD Real Estate
According to census data in the year 2000 there were 5,485 housing units in Redland.
This represents a 7.1% growth from 5,121 in 1990.
Of those housing units, 5,331 were located in either urbanized areas or urban clusters, and 154 were located in what is classified as a rural area.
Homeownership rate in Redland is about 77.6%.
Redland's vacancy rate, including seasonal lodging, is about 2.7%.
Average household size is 3.23 people.
The majority of houses, apartments or condos in Redland were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 3.90% |
| Two Bedrooms | 10.50% |
| Three Bedrooms | 36% |
| Four Bedrooms | 39.90% |
| Five Bedrooms or more | 9.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.2 |
| Median year structure was built | 1979 |
| Median Value of occupied units | $202,500 |
| Median Price asked for vacant units | $120,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.32 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $835 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.10% |
| Second Mortgage | 9.90% |
| Home Equity Loan | 10.60% |
| Simple Mortgage | 66.70% |
| Debt Free | 11.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
