My Process: (New Construction)

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  • #69629
    Nelsont
    Member

    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.

    #69630
    virgozbest
    Participant

    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?

    #69631
    MDPeach22
    Participant

    @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.

    #69632
    virgozbest
    Participant

    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.

    #69633
    MDPeach22
    Participant

    @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?

    #69634
    virgozbest
    Participant

    @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…

Viewing 6 posts - 16 through 21 (of 21 total)
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