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Butlertown

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

Median Home$292,800
Median Rent$1,466/month
Population495
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining11% wholesale trade
Home Value Growth+6.0% over 2 years
Retirees24% of residentsslightly above average
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Butlertown
MD

Frequently Asked Questions

What are today's mortgage rates in Butlertown?

As of today, the 30-year fixed mortgage rate for Butlertown is approximately 6.952% (6.990% 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 Butlertown?

The median home value in Butlertown is $293k. The median monthly rent is $1,466. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Butlertown?

Home values in Butlertown have increased 6.0% over the past two years. This represents moderate growth. 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 Butlertown?

Based on a typical all-in ownership cost of $1,342/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Butlertown is $73k/year.

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What industries drive the economy in Butlertown?

The largest employment sectors in Butlertown are public administration (23%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.