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Welcome to Maryland Econometrics!
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At Maryland Econometrics you’ll find an analysis of historical and current housing trends for Maryland - primarily focusing on Anne Arundel County. The Indexes track county level data for housing affordability, units sold, new listings, active listings, pending sales, average days on market, and months of inventory.
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Market Indexes
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Anne Arundel County Market Indexes include (Adobe Acrobat PDF files):
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Anne Arundel County Housing Affordability Index
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The Anne Arundel County housing affordability index is:
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Anne Arundel County Housing Affordability Index
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Month
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Anne Arundel County Average Sold Price (Note 1)
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Nat'l Avg Monthly Contract Mtg Rate
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Monthly Payment PITI
(Note 2)
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Annual Income Needed to Qualify (28%)
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Housing Affordability Index
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Percent Change Month to Month
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Apr-08
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$398,231
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6.0
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$2,316
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$99,247
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66.6
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3.8%
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May-08
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$399,726
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6.0
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$2,339
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$100,237
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65.9
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-0.6%
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Jun-08
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$427,655
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6.1
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$2,505
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$107,373
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61.5
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-9.4%
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Note 1 - As Reported by Metropolitan Regional Information Systems, Inc.
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Note 2 - Monthly Payment PITI - This is an estimated mortgage payment amount comprised of principal, interest, taxes and insurance. The calculation is based on 80% of the Average Sold Price. Taxes are estimated at 0.891 per $100 per year. Insurance is estimated at 0.35% of the Average Sold Price. You actual PITI will vary depending on many factors, including your Credit Score, the Loan Program, and the Lender you work with.
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Note 3 - Source for County level Median Household Income includes The Maryland State Data Center, Maryland Department of Planning, and U.S. Census Bureau.
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The Anne Arundel County housing affordability index history can be found by reviewing the following Adobe Acrobat PDF documents.
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Other Maryland Housing Affordabilty Indexes
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Other Maryland county housing affordability indexes:
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Jun-2008 Maryland Housing Affordability Index
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County
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Average Sold Price
(Note 1)
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Monthly Payment PITI
(Note 2)
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Annual Income Needed to Qualify (28%)
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Est. 2006 Median Household Income (Note 3)
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Housing Affordability Index
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Median Multiple
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Anne Arundel
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$427,655
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$2,505
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$107,373
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$66,087
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61.5
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1.6
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Allegany
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$119,131
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$698
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$29,911
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$33,554
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112.2
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0.9
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Baltimore City
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$210,754
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$1,235
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$52,915
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Baltimore
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$296,749
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$1,738
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$74,506
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$63,150
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84.8
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1.2
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Calvert
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$377,049
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$2,209
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$94,667
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$87,400
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92.3
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1.1
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Caroline
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$243,762
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$1,428
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$61,202
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$47,200
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77.1
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1.3
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Carroll
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$328,997
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$1,927
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$82,603
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$75,050
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90.9
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1.1
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Cecil
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$268,339
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$1,572
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$67,373
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$62,100
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92.2
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1.1
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Charles
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$357,772
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$2,096
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$89,827
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$78,450
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87.3
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1.1
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Dorchester
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$442,875
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$2,595
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$111,195
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$42,500
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38.2
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2.6
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Frederick
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$310,917
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$1,821
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$78,063
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$80,650
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103.3
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1.0
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Garrett
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$436,883
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$2,559
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$109,690
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$40,850
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37.2
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2.7
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Harford
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$426,208
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$2,497
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$107,010
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$74,600
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69.7
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1.4
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Howard
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$426,208
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$2,497
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$107,010
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$93,050
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87.0
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1.2
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Kent
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$375,227
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$2,198
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$94,210
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$49,750
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52.8
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1.9
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Montgomery
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$560,605
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$3,284
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$140,754
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$87,500
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62.2
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1.6
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Prince Georges
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$292,665
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$1,715
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$73,481
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$70,250
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95.6
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1.0
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Queen Annes
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$396,125
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$2,321
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$99,457
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$73,800
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74.2
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1.3
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Saint Marys
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$327,071
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$1,916
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$82,119
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$63,200
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77.0
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1.3
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Talbot
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$603,533
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$3,536
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$151,532
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$54,350
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35.9
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2.8
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Washington
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$256,362
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$1,502
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$64,366
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$51,650
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80.2
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1.2
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Note 1 - As Reported by Metropolitan Regional Information Systems, Inc.
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Note 2 - Monthly Payment PITI - This is an estimated mortgage payment amount comprised of principal, interest, taxes and insurance. The calculation is based on 80% of the Average Sold Price. Taxes are estimated at 0.891 per $100 per year. Insurance is estimated at 0.35% of the Average Sold Price. Your actual PITI will vary depending on many factors, including your Credit Score, the Loan Program, and the Lender you work with.
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Note 3 - Source for County level Median Household Income includes The Maryland State Data Center, Maryland Department of Planning, and U.S. Census Bureau.
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A chart comparing counties and a reprint of the above information may be found by reviewing the following Adobe Acrobat PDF documents.:
For the National picture follw the link(s) below to explore other housing affordability indexes including:
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What is Econometrics?
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Econometrics may best be described as the use of computerized mathematical models to illustrate the relationship between key economic metrics such as home sales, mortgage interest rates, GDP, etc. Here - at Maryland Econometrics - computerized models are used to analysis historical and current housing data.
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[Home] [Data Sources] [About Us] [Other HAI Sites] [Terms of Use] [Register for Updates]
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Maryland Econometrics
Stephen Howell
410-923-3217 Direct - 443-782-0295 FAX
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Notice: The data and other information published at this site was obtained from both public and subscriptions sources. It is believed to be correct, but is NOT guaranteed. The user should independently verify the data and information before further use.
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Copyright © 2007-2008 by Stephen Howell. All Rights Reserved.
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