21014, Bel Air, MD

The 21014 zip code of Bel Air, MD has a median home value of $1,868,000 and a median home equity value of $319,000. The average home in the 21014 zip code was built in 1954 and is approximately 2,600 square feet. The average price per square foot for homes in the 21014 zip code is $539. This means that the average home in this zip code is worth over twice as much as the average home in the United States.

There are a number of factors that contribute to the high values of homes in the 21014 zip code of Bel Air. First and foremost, this area is located close to many affluent suburbs such as Potomac Falls and Chevy Chase. These areas have a large population of wealthy people who are able to afford expensive homes. Additionally, Bel Air is an affluent community itself and has a high rate of homeownership. This means that there are more people who are able to invest money into their homes and increase their values over time.

Despite these factors, there are some risks associated with buying a home in the 21014 zip code of Bel Air. For example, there has been an increase in crime rates throughout Maryland recently which could lead to increased prices for homes in this area if criminals target homeowners specifically. Additionally, although prices have increased significantly over the past few years, they may not continue to do so indefinitely due to market saturation or other factors outside of homeowners' control (e.g., interest rates).