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Gapland

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

Median Home$280,600
Median Rent$1,659/month
Population101
Leading IndustriesFinance & Insurance · Retail · Transportation7% finance & insurance
Home Value Growth+7.9% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners83% of occupied units
Gapland
MD

Frequently Asked Questions

What are today's mortgage rates in Gapland?

As of today, the 30-year fixed mortgage rate for Gapland is approximately 6.992% (7.032% 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 Gapland?

The median home value in Gapland is $281k. The median monthly rent is $1,659. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gapland?

Home values in Gapland have increased 7.9% over the past two years. This represents moderate growth. 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 Gapland?

Based on a typical all-in ownership cost of $995/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gapland is $84k/year.

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What industries drive the economy in Gapland?

The largest employment sectors in Gapland are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.