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Lake Arbor

Learn about the people, housing, costs and businesses in Lake Arbor, Maryland

Median Home$455,185
Median Rent$2,609/month
Population14,487
Leading IndustriesArts, Food & Hospitality · Professional Services · Healthcare13% arts, food & hospitality
Home Value Growth+4.9% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners63% of occupied units
NotableHigh Incomes$127k/year · top 7% nationally
NotableHighly Educated29% bachelor's · 22% graduate · top 10% nationally
Lake Arbor
MD

Frequently Asked Questions

What are today's mortgage rates in Lake Arbor?

As of today, the 30-year fixed mortgage rate for Lake Arbor is approximately 6.865% (6.900% 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 Lake Arbor?

The median home value in Lake Arbor is $455k. The median monthly rent is $2,609. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Arbor?

Home values in Lake Arbor have increased 4.9% 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 Lake Arbor?

Based on a typical all-in ownership cost of $2,559/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $110k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Arbor is $127k/year.

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What industries drive the economy in Lake Arbor?

The largest employment sectors in Lake Arbor are public administration (28%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.