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Maryland

Learn about the people, housing, costs and businesses across Maryland

Median Home$448,501
Median Rent$1,847/month
Population6,206,011
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services16% healthcare
Home Value Growth⬆⬆+13.5% over 2 years
Young Adults29% of residents
Homeowners68% of occupied units
NotableHigh Incomes$115k/year · top 6% nationally
NotableHighly Educated23% bachelor's · 15% graduate · top 23% nationally
Maryland

Frequently Asked Questions

What are today's mortgage rates in Maryland?

As of today, the 30-year fixed mortgage rate for Maryland is approximately 6.840% (6.886% 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 Maryland?

The median home value in Maryland is $449k. The median monthly rent is $1,847. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Maryland?

Home values in Maryland have increased 13.5% 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 Maryland?

Based on a typical all-in ownership cost of $1,944/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $83k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Maryland is $115k/year.

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What industries drive the economy in Maryland?

The largest employment sectors in Maryland are public administration (24%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.