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Colesville

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

Median Home$622,833
Median Rent$2,048/month
Population16,091
Leading IndustriesArts, Food & Hospitality · Healthcare · Manufacturing16% arts, food & hospitality
Home Value Growth+7.3% over 2 years
Retirees22% of residentsnear the national average
Homeowners78% of occupied units
NotableHigh Incomes$137k/year · top 5% nationally
NotableHighly Educated26% bachelor's · 17% graduate · top 16% nationally
Colesville
MD

Frequently Asked Questions

What are today's mortgage rates in Colesville?

As of today, the 30-year fixed mortgage rate for Colesville is approximately 6.833% (6.867% 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 Colesville?

The median home value in Colesville is $623k. The median monthly rent is $2,048. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Colesville?

Home values in Colesville have increased 7.3% 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 Colesville?

Based on a typical all-in ownership cost of $2,224/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 Colesville is $137k/year.

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What industries drive the economy in Colesville?

The largest employment sectors in Colesville are public administration (26%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.