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Largo

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

Median Home$359,250
Median Rent$2,169/month
Population12,229
Leading IndustriesProfessional Services · Healthcare · Education3% professional services
Home Value Growth⬆⬆⬆+22.2% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners63% of occupied units
NotableHigh Incomes$109k/year · top 12% nationally
NotableHighly Educated24% bachelor's · 13% graduate · top 21% nationally
Largo
MD

Frequently Asked Questions

What are today's mortgage rates in Largo?

As of today, the 30-year fixed mortgage rate for Largo is approximately 6.952% (6.990% 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 Largo?

The median home value in Largo is $359k. The median monthly rent is $2,169. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Largo?

Home values in Largo have increased 22.2% 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 Largo?

Based on a typical all-in ownership cost of $2,210/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $95k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Largo is $109k/year.

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What industries drive the economy in Largo?

The largest employment sectors in Largo are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.