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Eldersburg

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

Median Home$494,994
Median Rent$1,496/month
Population31,672
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services15% arts, food & hospitality
Home Value Growth⬆⬆+19.2% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners89% of occupied units
NotableHigh Incomes$147k/year · top 4% nationally
NotableHighly Educated33% bachelor's · 17% graduate · top 5% nationally
Eldersburg
MD

Frequently Asked Questions

What are today's mortgage rates in Eldersburg?

As of today, the 30-year fixed mortgage rate for Eldersburg is approximately 6.848% (6.882% 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 Eldersburg?

The median home value in Eldersburg is $495k. The median monthly rent is $1,496. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Eldersburg?

Home values in Eldersburg have increased 19.2% 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 Eldersburg?

Based on a typical all-in ownership cost of $2,114/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $91k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Eldersburg is $147k/year.

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What industries drive the economy in Eldersburg?

The largest employment sectors in Eldersburg are public administration (25%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.