City:
Boonsboro is a city in the state of maryland with a population of roughly 10,728. It is in Washington County, Maryland the Hagerstown-Martinsburg, MD-WV core-based statistical areas (CBSA), and the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA combined statistical area (CSA).Its Zip codes include 21713 .
Boonsboro, MD is a town located in the Howard County, Maryland area. The population of Boonsboro was 11,814 as of the 2010 census. The median household income was $86,912 and the median family income was $102,711.
Real estate in Boonsboro is a hot commodity. There are many reasons for this: Boonsboro is located in one of the most desirable areas of Maryland; it has excellent schools; and it is close to Washington D.C., Baltimore and other major cities.
The real estate market in Boonsboro has been steadily growing over the past few years. In 2008, there were only 1,527 homes for sale in Boonsboro; by 2012 that number had increased to 2,906 homes for sale. In 2013 there were 3,824 homes for sale in Boonborough and according to Zillow data as of August 2014 there were 4,633 homes available for purchase in the town! This indicates that the demand for real estate in Boonsboro is high and that prices are likely to continue rising over time.
One reason why prices have been rising so rapidly is because there are limited properties available for purchase within the town limits (there are only about 675 acres within the city limits). As a result, homebuyers have had to compete with each other more vigorously than they would if more properties were available on which to base their bids. Furthermore, many homebuyers who live outside of Boonsboro but want to buy a home within its boundaries have found that they can no longer afford to do so – due both to rising prices and stricter lending standards – because they would need to bring their own funds into play rather than relying on financing through a local lender or mortgage company. This has led some people who live outside of Boonborough but want to buy property here simply to move into town – thereby driving up housing costs even further – without actually purchasing any property! Needless-to-say, this has created quite a bit of tension between buyers and sellers within the community…and it’s likely going stay that way until more properties become available on which people can actually base their bids!
Price Index: Hagerstown-Martinsburg, MD-WV