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Indian Springs

Learn about the people, housing, costs and businesses in Indian Springs, Maryland

Median Home$318,900
Median Rent$846/month
Population74
Leading IndustriesAgriculture & Mining · Construction · Information & Media21% agriculture & mining
Home Value Growth⬆⬆⬆+26.1% over 2 years
Retirees21% of residentsnear the national average
Homeowners85% of occupied units
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Indian Springs
MD

Frequently Asked Questions

What are today's mortgage rates in Indian Springs?

As of today, the 30-year fixed mortgage rate for Indian Springs is approximately 7.625% (7.759% 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 Indian Springs?

The median home value in Indian Springs is $319k. The median monthly rent is $846. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Indian Springs?

Home values in Indian Springs have increased 26.1% 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 Indian Springs?

Based on a typical all-in ownership cost of $911/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Indian Springs is $84k/year.

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What industries drive the economy in Indian Springs?

The largest employment sectors in Indian Springs are agriculture and mining (21%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.