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Herald Harbor

Learn about the people, housing, costs and businesses in Herald Harbor, Maryland

Median Home$606,600
Median Rent$2,427/month
Population2,900
Leading IndustriesArts, Food & Hospitality · Healthcare9% arts, food & hospitality
Home Value Growth⬆⬆+19.7% over 2 years
Family-Friendly28% of residentswell above average
Homeowners86% of occupied units
NotableHigh Incomes$152k/year · top 4% nationally
NotableHighly Educated27% bachelor's · 12% graduate · top 14% nationally
Herald Harbor
MD

Frequently Asked Questions

What are today's mortgage rates in Herald Harbor?

As of today, the 30-year fixed mortgage rate for Herald Harbor is approximately 6.825% (6.859% 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 Herald Harbor?

The median home value in Herald Harbor is $607k. The median monthly rent is $2,427. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Herald Harbor?

Home values in Herald Harbor have increased 19.7% 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 Herald Harbor?

Based on a typical all-in ownership cost of $2,454/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $105k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Herald Harbor is $152k/year.

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What industries drive the economy in Herald Harbor?

The largest employment sectors in Herald Harbor are public administration (24%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.