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Foreclosure Homes in Lake Shore, MD

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Foreclosure Homes in Lake Shore, MD

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lake Shore, MD area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lake Shore, MD and much more. Save thousands at closing with home foreclosure listings in Lake Shore, MD — up to 75% off market value!


Top Reasons To Live In Lake Shore, MD In 2021

Lake Shore is located in Anne Arundel, Maryland, with an estimated municipal population of 19,791 residents. All of the best foreclosed homes for sale in Lake Shore are located in the following zip code areas on Foreclosure.com: 21122. The estimated population per square kilometer (.62 miles) in Lake Shore is 569.


Cost Of Living In Lake Shore, MD

So, about how much do homes cost in Lake Shore? The most recent median value of resident-owned homes in Lake Shore is 382,461. An estimated 89.9 percent of households in Lake Shore own their homes, with an average family size of 3.25. The median household income in Lake Shore is 108,904, with56.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Shore, the median commute time of resident workers (in minutes) is 34.5. And last, but certainly not least, are you looking for homes to rent in Lake Shore? If so, the average rent price paid by renters in Lake Shore is 1,737, according to recent statistics.


Diversity And Demographics In Lake Shore, Maryland

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lake Shore, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lake Shore is 40.7, split between 50.2 percent male versus 49.8 female. The percentage of residents who report being married in Lake Shore is 61.4, with an average family size of 3.25.

The percentage of residents who report their race in Lake Shore is as follows:

White 89.5%
Black / African American 4.4%
Asian 2.3%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.7%
Other 0.1%

Looking for family-friendly neighborhoods in and/or near Lake Shore? Or maybe you are searching for 55+ active adult communities in and/or near Lake Shore?

The percentage of residents who report their age in Lake Shore is as follows:

Under 10 12.9%
Aged 10-19 12.5%
20s 10.7%
30s 12.5%
40s 13.3%
50s 16.9%
60s 12%
70s 6.6%
80+ 2.5%

Best Schools In Lake Shore, Maryland

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lake Shore with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Shore.


Pros And Cons Of Living In Lake Shore, Maryland

How do you know that living in -- or moving to -- Lake Shore is right where you need to be? Perhaps you grew up in Lake Shore or already live nearby; therefore, the decision to buy a home in Lake Shore is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Shore for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lake Shore:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Shore.


Reasons To Move To Lake Shore, Maryland, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Shore can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Shore, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Lake Shore, MD

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