My Process: (New Construction)

[Nelsont]

Dan Ryan has absolutely nothing to do with it. It’s determined by the US census bureau. Use this link.

https://geomap.ffiec.gov/FFIECGeocMap/GeocodeMap1.aspx

The current year data is updated every August so until then use 2019. The top line income is the MSA median income. Yours will be greater than that. The next lines are the income of the census tract (neighborhood) and the % of the MSA.

[virgozbest]

My apologies Perhaps my question was confusing. My question is if there are new construction properties, which means there is no address to enter into the census demographic map, how is the median income % determined?

[MDPeach22]

@virgozbest, it’s determined the same way as for any property using the link @Nelsont provided. What I do is go on Google maps and find a neighboring address and then type that into the mapper tool and then “User select tract” to pinpoint where the new construction property is. If the 6th number in the table is below 100%, then you are ok to buy there. Hope this helps.

[virgozbest]

Yes it does, thanks, the message I wrote was actually intented for you so I appreciate your response.
If you dont mind me asking, what area in MD I’d you find your new construction property. I am in the DMV area as well.

[MDPeach22]

@virgozbest, I’m looking All over – Dan Ryan Vista Gardens West, Parkside at Westphalia, and a new property in Laurel but they are way out of my price range, how about you?

[virgozbest]

@MDpeach22, were looking in Laurel, upper marlboro, bowie areas but no single family homes available and yes the ones they do have are ridiculously high or either out in Waldorf, or Ackokee…

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