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Friendship Heights

Learn about the people, housing, costs and businesses in Friendship Heights, Maryland

Median Home$807,809
Median Rent$2,557/month
Population4,361
Leading IndustriesArts, Food & Hospitality · Healthcare · Manufacturing14% arts, food & hospitality
Home Value Growth⬆⬆⬆+22.6% over 2 years
Retirees31% of residentswell above average
Homeowners50% of occupied units
NotableTransit92/100 · excellent transit access
NotableHigh Incomes$143k/year · top 5% nationally
Friendship Heights Village
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 Friendship Heights?

As of today, the 30-year fixed mortgage rate for Friendship Heights is approximately 6.918% (6.955% 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 Friendship Heights?

The median home value in Friendship Heights is $808k. The median monthly rent is $2,557. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Friendship Heights?

Home values in Friendship Heights have increased 22.6% 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 Friendship Heights?

Based on a typical all-in ownership cost of $2,796/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $120k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Friendship Heights is $143k/year.

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What industries drive the economy in Friendship Heights?

The largest employment sectors in Friendship Heights are public administration (22%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.