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Frenchtown-Rumbly

Learn about the people, housing, costs and businesses in Frenchtown-Rumbly, Maryland

Median Home$172,400
Median Rent$980/month
Population86
Leading IndustriesWholesale Trade · Finance & Insurance · Transportation15% wholesale trade
Home Value Growth⬆⬆⬆+47.0% over 2 years
Young Adults44% of residentstop 2% nationally
Homeowners88% of occupied units
Frenchtown-Rumbly
MD

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Frenchtown-Rumbly?

As of today, the 30-year fixed mortgage rate for Frenchtown-Rumbly is approximately 6.900% (6.936% 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 Frenchtown-Rumbly?

The median home value in Frenchtown-Rumbly is $172k. The median monthly rent is $980. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Frenchtown-Rumbly?

Home values in Frenchtown-Rumbly have increased 47.0% 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 Frenchtown-Rumbly?

Based on a typical all-in ownership cost of $717/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Frenchtown-Rumbly is $50k/year.

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What industries drive the economy in Frenchtown-Rumbly?

The largest employment sectors in Frenchtown-Rumbly are public administration (25%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.