21015, Bel Air, MD

Bel Air, MD is a affluent suburb of Baltimore, with a median household income of over $200,000. Home prices in the 21015 zip code have increased significantly in recent years, reaching an all-time high of over $1 million in 2017. Home equity is now one of the most important assets for many residents in Bel Air.

Home equity is the difference between the value of a home and what it costs to pay off that debt. In Bel Air, home equity has become an important source of wealth for many residents. The average home value in the 21015 zip code was $914,000 as of September 2018. However, only 43% of homes in this zip code are currently owned by their original owners. The remaining 57% are owned by investors or others who use them as rental properties.

The increase in home values has led to an increase in home equity loans and mortgages in Bel Air. As of September 2018, there were 2,811 homes with mortgages worth over $500,000 and 1,521 homes with loans worth over $1 million. This means that many homeowners here have access to substantial amounts of capital to finance their purchases or renovations.

The rise in home values has also led to an increase in demand for property insurance policies in Bel Air. As of September 2018, there were 2,716 homes with property insurance policies worth more than $100,000 per year. This means that homeowners here are likely to be financially protected if something happens to their house – such as a fire – which can be very valuable protection given the high prices paid for homes here