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Savage, MD

Population 6,671

1.4091% 1 Year Growth

Median Household Income $94,929

6.9336% 1- Year Growth

Median Property Value $326.8K

1.4688% 1-Year Growth

About

In 2018, Savage, MD had a population of $6.7K people with a median age of 38 and a median household income of $94,929. Between 2017 and 2018 thepopulation of Savage, MD grew from 6,671 to 6,577, a 1.4091% increase and its mediam household income grew from $88,347 to $94,929, a 6.9336% increase.
The 5 largest ethnic groups in Savage, 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 Savage, MD speak a non-English language, and 1.4091% are U.S. citizens.
The median property value in Savage, MD is $1.07M, and the homeownership rate is 59%. Most people in Savage, MD commute by Drove Alone, and the average commute time is 28.57 minutes. The average car ownership in Savage, MD is 2 cars per household.

Housing & Living

The median property value in Savage, MD was $326.8K 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 Savage, MD is 59%, which is lower than the national average of 63.9%. People in Savage, MD have an average commute time of 28.57 minutes, and they
commute by Drove Alone. Car ownership in Savage, MD is approximately the same as the national average, with an average of 2 cars per household.

Property value

  • $326.8K 2018 median ± $94,929
  • $322,000 2017 Median ± $88,347

In 2018, the median propery value in Savage, MD grew to $326.8K from the previous year's value of $322000.

The following charts display, first, the property values in Savage, 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 Savage, MD the largest share of households have a property value in the N/A range.

economy

In 2018, Savage, MD had a population of $6.7K people with a median age of 38 and a median household income of $94,929. Between 2017 and 2018 thepopulation of Savage, MD grew from 6,577 to 6,671, a 1.4091% increase and its mediam household income grew from $88,347 to $94,929, a 6.9336% increase.
The 5 largest ethnic groups in Savage, 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 Savage, MD speak a non-English language, and 1.4091% are U.S. citizens.
The median property value in Savage, MD is $326.8K, and the homeownership rate is 59%. Most people in Savage, MD commute by Drove Alone, and the average commute time is 28.57 minutes. The average car ownership in Savage, MD is 2 cars per household.

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