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Bivalve

Learn about the people, housing, costs and businesses in Bivalve, Maryland

Median Home$403,000
Median Rent$1,199/month
Population203
Leading IndustriesPublic Administration · Construction31% public administration
Home Value Growth⬆⬆+20.7% over 2 years
Retirees24% of residentsslightly above average
Homeowners90% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$104k/year · top 15% nationally
Bivalve
MD

Frequently Asked Questions

What are today's mortgage rates in Bivalve?

As of today, the 30-year fixed mortgage rate for Bivalve is approximately 6.985% (7.024% 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 Bivalve?

The median home value in Bivalve is $403k. The median monthly rent is $1,199. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bivalve?

Home values in Bivalve have increased 20.7% 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 Bivalve?

Based on a typical all-in ownership cost of $1,091/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bivalve is $104k/year.

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What industries drive the economy in Bivalve?

The largest employment sectors in Bivalve are public administration (31%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.