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Deal Island

Learn about the people, housing, costs and businesses in Deal Island, Maryland

Median Home$183,700
Median Rent$1,293/month
Population375
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining16% wholesale trade
Home Value Growth⬆⬆+15.0% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners81% of occupied units
Deal Island
MD

Frequently Asked Questions

What are today's mortgage rates in Deal Island?

As of today, the 30-year fixed mortgage rate for Deal Island is approximately 6.932% (6.969% 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 Deal Island?

The median home value in Deal Island is $184k. The median monthly rent is $1,293. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Deal Island?

Home values in Deal Island have increased 15.0% 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 Deal Island?

Based on a typical all-in ownership cost of $817/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Deal Island is $67k/year.

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What industries drive the economy in Deal Island?

The largest employment sectors in Deal Island are public administration (21%) and wholesale trade (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.