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Jessup, MD

Population 8,359

0% 1 Year Decline

Median Household Income $108,939

4.9101% 1- Year Growth

Median Property Value $377K

18.3554% 1-Year Growth

About

In 2018, Jessup, MD had a population of $8.4K people with a median age of 37 and a median household income of $108,939. Between 2017 and 2018 thepopulation of Jessup, MD grew from 8,359 to 8,392, a 0% increase and its mediam household income grew from $103,590 to $108,939, a 4.9101% increase.
The 5 largest ethnic groups in Jessup, MD are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Jessup, MD speak a non-English language, and 0% are U.S. citizens.
The median property value in Jessup, MD is $1.07M, and the homeownership rate is 59%. Most people in Jessup, MD commute by Drove Alone, and the average commute time is 25.84 minutes. The average car ownership in Jessup, MD is 2 cars per household.

Housing & Living

The median property value in Jessup, MD was $377K in 2018, which is 4.65 times larger than the national average of $229,700. Between 2017 and 2018 the median property value increased from $994,400 to
$1.07M, a 7.48% increae. The homeownership rate in Jessup, MD is 59%, which is lower than the national average of 63.9%. People in Jessup, MD have an average commute time of 25.84 minutes, and they
commute by Drove Alone. Car ownership in Jessup, MD is approximately the same as the national average, with an average of 2 cars per household.

Property value

  • $377K 2018 median ± $108,939
  • $307,800 2017 Median ± $103,590

In 2018, the median propery value in Jessup, MD grew to $377K from the previous year's value of $307800.

The following charts display, first, the property values in Jessup, MD compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Jessup, MD the largest share of households have a property value in the N/A range.

economy

In 2018, Jessup, MD had a population of $8.4K people with a median age of 37 and a median household income of $108,939. Between 2017 and 2018 thepopulation of Jessup, MD grew from 8,392 to 8,359, a 0% increase and its mediam household income grew from $103,590 to $108,939, a 4.9101% increase.
The 5 largest ethnic groups in Jessup, MD are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Jessup, MD speak a non-English language, and 0% are U.S. citizens.
The median property value in Jessup, MD is $377K, and the homeownership rate is 59%. Most people in Jessup, MD commute by Drove Alone, and the average commute time is 25.84 minutes. The average car ownership in Jessup, MD is 2 cars per household.

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