FY 25 Harford County Approved Operating Budget

Source: Long & Foster Market Minute March 2024

Units Sold Median Sale Price 225 $385,000 Harford County - Residential 65 $333,000 Aberdeen, Belcamp, Havre de Grace Units Sold Median Sale Price

Real Estate

^10% % CHANGE 1YR ^12% ^8% % CHANGE 1YR ^18% ^30% % CHANGE 1YR ^11% ^% % CHANGE 1YR ^16% -<10% % CHANGE 1YR ^17% -<14% % CHANGE 1YR -<4% ^% % CHANGE 1YR ^21% ^11% % CHANGE 1YR -<7%

RETAIL Vacancy Rate

4.8%

Rental Rate/Sq Ft $22.38 Inventory Sq Ft 12.7M OFFICE Vacancy Rate Rental Rate/Sq Ft $23.65 Inventory Sq Ft 5.9M INDUSTRIAL Vacancy Rate Rental Rate/Sq Ft $10.21 Inventory Sq Ft 28.6M

Abingdon

30 $330,500

Units Sold Median Sale Price

12.7%

Bel Air

52 $499,500

Units Sold Median Sale Price

Edgewood

Units Sold Median Sale Price

19 $260,000

6.3%*

Fallston

10 $504,500

Units Sold Median Sale Price

Source: CoStar Realty Information - as of May 2024

Forest Hill, Jarrettsville, North

*Availability Rate: 8.8%

25 $480,000

Units Sold Median Sale Price

It's important to note that "vacant" industrial space does not mean "available for rent", thus the above addendum.

Joppa

21 $303,500

Units Sold Median Sale Price

QUESTIONS? Contact Bonnie Barresi Economic Development Business Development Associate bebarresi@harfordcountymd.gov 410-638-3059

83,648

Median Gross Rent in Harford County Source: U.S. Census Bureau, 2022 $130 less than state median

Owner-Occupied

$1,355/ month

79.5%

105,217 Housing Units

Homeownership Rate 12.2% more than state rate

OTHER NEWS IN HARFORD COUNTY

Healthcare The University of Maryland Upper Chesapeake Health Center in Aberdeen opened on February 6.

Defense Events Cybersecurity Maturity Model Certification Event June 4, 2024

Business Navigation HCG has a new Business Navigator

to liaise between agencies to resolve development issues.

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