Why Live in Roland Park
Roland Park, MD, established in 1891, is one of the first planned communities in the United States, designed by the Olmsted brothers. This area features tree-shaded streets and historic homes, including Victorian, Craftsman, Tudor, and colonial styles. The Roland Park Civic League maintains the historic character of the homes with a membership fee that limits exterior changes. The community is known for its walkability, with residents enjoying strolls to local shops, restaurants, and parks. Stony Run Park offers playgrounds, dog-friendly walking trails, athletic fields, and fishing spots, while the Roland Park Pool provides a place to cool down in the summer. Roland Park Elementary/Middle School, Gilman School, and Roland Park Country School are highly rated educational institutions within the area. Petit Louis Bistro and Johnny’s are popular dining spots located in the historic Roland Park Shopping Center. Interstate 83 provides convenient access to Downtown Baltimore, 8 miles away, and nearby hospitals include Sinai Hospital and MedStar Union Memorial Hospital, both less than 3 miles from home. Community events such as Christmas caroling, movie nights, and the Strawberry Festival foster a close-knit atmosphere. Roland Park is safer than the national average, contributing to its appeal as a desirable place to live.
Frequently Asked Questions
What is the average home price in Roland Park, MD?
Homes for sale in Roland Park, MD have an average home price of $790,821.
Are home prices dropping in Roland Park?
Yes, home prices in Roland Park are down 9% in the last 12 months.
How many homes have sold over the last 12 months in Roland Park, MD?
15 homes have sold in Roland Park, MD over the last 12 months.
What are the most popular zip codes in Roland Park, MD?
How much do you need to make to afford a house in Roland Park?
The median home price in Roland Park is $650,000. If you put a 20% down payment of $130,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $3,370 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $144K a year to afford the median home price in Roland Park.
How are the schools in Roland Park, MD?
Home Trends in Roland Park, MD
On average, homes in Roland Park, MD sell after 18 days on the market compared to the national average of 51 days. The median sale price for homes in Roland Park, MD over the last 12 months is $650,000, down 24% from the median home sale price over the previous 12 months.
Median Sale Price
$650,000
Median Single Family Sale Price
$895,000
Median 2 Bedroom Sale Price
$202,500
Average Price Per Sq Ft
$201
Number of Homes for Sale
2
Last 12 months Home Sales
15
Median List Price
$650,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-24%