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Gambrills

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

Median Home$571,127
Median Rent$2,210/month
Population3,031
Leading IndustriesWholesale Trade · Professional Services · Education10% wholesale trade
Home Value Growth+10.8% over 2 years
Retirees22% of residentsnear the national average
Homeowners92% of occupied units
NotableHigh Incomes$155k/year · top 3% nationally
NotableVeteran Community11% of residents · top 9% nationally
Gambrills
MD

Frequently Asked Questions

What are today's mortgage rates in Gambrills?

As of today, the 30-year fixed mortgage rate for Gambrills is approximately 6.969% (7.008% 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 Gambrills?

The median home value in Gambrills is $571k. The median monthly rent is $2,210. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gambrills?

Home values in Gambrills have increased 10.8% 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 Gambrills?

Based on a typical all-in ownership cost of $2,353/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $101k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gambrills is $155k/year.

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What industries drive the economy in Gambrills?

The largest employment sectors in Gambrills are public administration (22%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.