Largo, Maryland Information
In Maryland, just ten miles from Washington, D.C., Largo is located in Prince George’s County. The current population is 10,689 and the average length of time residents stay after moving to this city is significantly above average when compared to most Maryland cities. In fact, the latest census states that 88.7% remain in the same dwelling for more than one year.
Largo, Maryland Details
According to Zillow, the median home value is $264,600 and the median rental price is $1,897. Although some homes are older, more than over 80% were built between 1970 and 1999, more recent than the state average, and home values are expected to increase by 5.2% within the next year. Houses and townhomes here are typically medium to large, having three to five bedrooms, or more. The current demand for realty here is higher than the average city in the United States.
This is one of the most unique cities in the entire country as over 72% of the homes are row houses, or attached homes. At the time of this writing, Largo has more row houses than 99.6% of neighborhoods in the country.
While the first ones were built in the late 1700’s, the trend for row houses began when the builders built entire neighborhoods of them in the early 1900’s. Built for practicality at the time, they are not only attractive, but prove to be fuel efficient, as well.
Of residents over 25 years of age, 93% graduated from high school, 37% have a bachelor’s degree, and 16% have a graduate or professional degree, and the current number of college students enrolled is higher than the state average. Current census data indicate median household income is $83,110 annually. Popular occupations include management, business, science and arts, sales, office and service, and Largo has more government workers than 99% of the neighborhoods in the United States. Also, as of 2017, the unemployment rate was only 4.1%.
Residents enjoy shopping at the local shopping center, where they find everything from electronics to clothing and auto supplies, as well as several eateries to choose from. And popular restaurants offer everything from seafood to southern food, and for entertainment, they enjoy attending the farmers market, the movie theater and attending football games.
Largo Property Management
Our property management team specializes in residential areas throughout Largo, MD. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Largo area property management services.
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