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Ballenger Creek

Learn about the people, housing, costs and businesses in Ballenger Creek, Maryland

Median Home$399,001
Median Rent$1,964/month
Population25,816
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation14% arts, food & hospitality
Home Value Growth⬆⬆+14.5% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners65% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableTransit89/100 · excellent transit access
Ballenger Creek
MD

Explore Ballenger Creek

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Ballenger Creek?

As of today, the 30-year fixed mortgage rate for Ballenger Creek is approximately 6.891% (6.927% 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 Ballenger Creek?

The median home value in Ballenger Creek is $399k. The median monthly rent is $1,964. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ballenger Creek?

Home values in Ballenger Creek have increased 14.5% 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 Ballenger Creek?

Based on a typical all-in ownership cost of $1,984/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $85k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ballenger Creek is $101k/year.

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What industries drive the economy in Ballenger Creek?

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