Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Drum Point

Learn about the people, housing, costs and businesses in Drum Point, Maryland

Median Home$348,439
Median Rent$1,751/month
Population2,639
Leading IndustriesManufacturing · Information & Media1% manufacturing
Home Value Growth⬆⬆+18.9% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners83% of occupied units
NotableHigh Incomes$113k/year · top 11% nationally
NotableAmenity Score68/100 · highly walkable area
Drum Point
MD

Frequently Asked Questions

What are today's mortgage rates in Drum Point?

As of today, the 30-year fixed mortgage rate for Drum Point is approximately 6.999% (7.039% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Drum Point
What is the median home price in Drum Point?

The median home value in Drum Point is $348k. The median monthly rent is $1,751. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Drum Point?

Home values in Drum Point have increased 18.9% 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 Drum Point?

Based on a typical all-in ownership cost of $1,856/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $80k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Drum Point is $113k/year.

Calculate your buying power
What industries drive the economy in Drum Point?

The largest employment sectors in Drum Point are public administration (18%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.