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Mount Rainier

Learn about the people, housing, costs and businesses in Mount Rainier, Maryland

Median Home$531,613
Median Rent$1,428/month
Population8,247
Leading IndustriesArts, Food & Hospitality · Education · Healthcare11% arts, food & hospitality
Home Value Growth+1.4% over 2 years
Young Adults26% of residents
Renters77% of occupied units
NotableHighly Educated28% bachelor's · 13% graduate · top 12% nationally
NotableAmenity Score72/100 · highly walkable area
Mount Rainier
MD

Frequently Asked Questions

What are today's mortgage rates in Mount Rainier?

As of today, the 30-year fixed mortgage rate for Mount Rainier is approximately 6.810% (6.843% 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 Mount Rainier?

The median home value in Mount Rainier is $532k. The median monthly rent is $1,428. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Rainier?

Home values in Mount Rainier have increased 1.4% over the past two years. The market has been relatively stable. 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 Mount Rainier?

Based on a typical all-in ownership cost of $1,576/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Rainier is $67k/year.

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What industries drive the economy in Mount Rainier?

The largest employment sectors in Mount Rainier are public administration (23%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.