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Layhill

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

Median Home$602,682
Median Rent$2,160/month
Population5,882
Leading IndustriesHealthcare · Arts, Food & Hospitality · Wholesale Trade18% healthcare
Home Value Growth⬆⬆+18.9% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners80% of occupied units
NotableHigh Incomes$142k/year · top 5% nationally
Layhill
MD

Frequently Asked Questions

What are today's mortgage rates in Layhill?

As of today, the 30-year fixed mortgage rate for Layhill is approximately 6.814% (6.847% 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 Layhill?

The median home value in Layhill is $603k. The median monthly rent is $2,160. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Layhill?

Home values in Layhill have increased 18.9% 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 Layhill?

Based on a typical all-in ownership cost of $2,107/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $90k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Layhill is $142k/year.

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What industries drive the economy in Layhill?

The largest employment sectors in Layhill are public administration (22%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.