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Aspen Hill

Learn about the people, housing, costs and businesses in Aspen Hill, Maryland

Median Home$538,440
Median Rent$2,609/month
Population53,111
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education18% healthcare
Home Value Growth⬆⬆+16.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners66% of occupied units
NotableHigh Incomes$129k/year · top 7% nationally
Aspen Hill
MD

Frequently Asked Questions

What are today's mortgage rates in Aspen Hill?

As of today, the 30-year fixed mortgage rate for Aspen Hill is approximately 6.849% (6.883% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Aspen Hill?

The median home value in Aspen Hill is $538k. The median monthly rent is $2,609. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Aspen Hill?

Home values in Aspen Hill have increased 16.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Aspen Hill?

Based on a typical all-in ownership cost of $2,218/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $95k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Aspen Hill is $129k/year.

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What industries drive the economy in Aspen Hill?

The largest employment sectors in Aspen Hill are public administration (21%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.