Glen Burnie, MD

Glen Burnie is a suburb of Baltimore, Maryland. It is located in Anne Arundel County and has a population of about 50,000 people. Glen Burnie was originally farmland, but it has since developed into one of the most affluent communities in Maryland. Real estate in Glen Burnie is very expensive, and there are few affordable options for people who do not have a high income.

The majority of homes in Glen Burnie are owned by people who are wealthy enough to afford to buy them. There are a few rental properties available, but they are almost always rented out to people who have high incomes. The average home price in Glen Burnie is $1 million dollars, and the median income is over $200,000 per year. There are very few low-income families living in Glen Burnie, and most of the residents are either wealthy or middle-class.

The main reason that real estate prices in Glen Burnie are so high is because there is little competition for buyers. Most homes in Glen Burnie were built decades ago, and there aren't many new developments being built nearby. This means that there isn't a lot of competition for homes on the market, which leads to higher prices. Additionally, many people who live in Glen Burnie own their homes outright rather than renting them out. This makes it difficult for someone who wants to buy a home to get approved for a loan by banks or other lenders.

There are some things that residents of Glen Burnie can do to try and reduce the cost of housing in the community: they can look into purchasing an existing home rather than buying a new one; they can try to find an affordable rental property; or they can live near public transportation so that they don't have to spend as much money on transportation costs each month. However, none of these solutions will be 100% effective at reducing the cost of housing in Glen burne