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Damascus, MD Real Estate


According to census data in the year 2000 there were 3,747 housing units in Damascus. This represents a 13% growth from 3,315 in 1990.

Of those housing units, 3,328 were located in either urbanized areas or urban clusters, and 419 were located in what is classified as a rural area.

Homeownership rate in Damascus is about 86.2%. Damascus's vacancy rate, including seasonal lodging, is about 1.5%. Average household size is 3.07 people.

The majority of houses, apartments or condos in Damascus were built after 1983.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom2.10%
Two Bedrooms13.10%
Three Bedrooms39.90%
Four Bedrooms36.10%
Five Bedrooms or more8.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.13
Median year structure was built1983
Median Value of occupied units$182,600
Median Price asked for vacant units$160,400

Rented Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1981

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.20%
Second Mortgage14.60%
Home Equity Loan10.10%
Simple Mortgage65.60%
Debt Free8.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs22.3%