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Leonardtown

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

Median Home$531,679
Median Rent$2,779/month
Population4,362
Leading IndustriesArts, Food & Hospitality · Healthcare15% arts, food & hospitality
Home Value Growth⬆⬆+17.7% over 2 years
Family-Friendly28% of residentswell above average
Homeowners79% of occupied units
NotableHigh Incomes$153k/year · top 4% nationally
NotableVeteran Community13% of residents · top 4% nationally
Leonardtown
MD

Frequently Asked Questions

What are today's mortgage rates in Leonardtown?

As of today, the 30-year fixed mortgage rate for Leonardtown is approximately 6.841% (6.875% 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 Leonardtown?

The median home value in Leonardtown is $532k. The median monthly rent is $2,779. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leonardtown?

Home values in Leonardtown have increased 17.7% 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 Leonardtown?

Based on a typical all-in ownership cost of $2,380/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $102k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leonardtown is $153k/year.

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What industries drive the economy in Leonardtown?

The largest employment sectors in Leonardtown are public administration (19%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.