20611, Bel Alton, MD

Bel Alton, MD is located in the 20611 zip code. According to the 2010 census, Bel Alton has a population of 2,821. The median household income in Bel Alton is $101,922 and the median family income is $113,711. The average home value in Bel Alton is $269,000.

Home equity and home prices are important factors to consider when purchasing a home in Bel Alton. Home equity refers to the value of a homeowner's home minus any outstanding mortgages or other debts on the property. Home prices refer to the price at which homes are sold or offered for sale. Both of these factors can affect a homeowner's ability to qualify for a loan and ultimately purchase a home.

According to Zillow®, as of March 2016, the average list price for homes in Bel Alton was $269,000. This represented an increase of 7% from March 2015 and an increase of 10% from March 2014. Over the same period, Zillow reports that the percentage of homes sold for more than their listed price increased from 9% in March 2015 to 11% in March 2016. These figures suggest that there are still opportunities available for homeowners looking to purchase homes in Bel Alton at above-market prices.

While it may be difficult for some homeowners to qualify for a loan due to high home values or low equity levels, there are still many options available if they want to purchase a home in Bel Alton. For example, some lenders may offer mortgage products with lower interest rates or longer terms if borrowers have good credit scores and sufficient down payment funds saved up."