1031 Exchange Bel Air, Maryland

Maryland Opportunity Zones

Surrounding submarket Area

Bel Air, Maryland is a part of the Harford County Submarket submarket area, and contains zip codes 21014 and 21015.

Bel Air Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bel Air, MD submarket area was $1,131, which is 19.18% higher than 2014 average rent. This represents a compounded annual growth rate of 3.57%. 2019 vacancy in Bel Air, MD was 4.40%.

The total population of the city of Bel Air, MD has decreased 0.75% since 2010. As of 2018, the population was 10,044. The median household income of the Bel Air was $71,082, which is 17.89% higher than the national average.

  • submarket area Harford County Submarket
  • avg rent $1,131
  • rent growth 19.18%
  • vacancy 4.40%
  • median income $71,082
  • population (2018) 10,044
  • population growth -0.75%
  • vs. nat'l avg 17.89%
  • zip codes 21014 21015

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