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Lochearn

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

Median Home$292,842
Median Rent$1,889/month
Population26,413
Leading IndustriesFinance & Insurance · Professional Services · Healthcare7% finance & insurance
Home Value Growth⬆⬆+16.5% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners65% of occupied units
NotableTransit82/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Lochearn
MD

Frequently Asked Questions

What are today's mortgage rates in Lochearn?

As of today, the 30-year fixed mortgage rate for Lochearn is approximately 6.932% (6.969% 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 Lochearn?

The median home value in Lochearn is $293k. The median monthly rent is $1,889. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lochearn?

Home values in Lochearn have increased 16.5% 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 Lochearn?

Based on a typical all-in ownership cost of $1,546/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lochearn is $79k/year.

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What industries drive the economy in Lochearn?

The largest employment sectors in Lochearn are public administration (22%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.