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Mountain Lake Park

Learn about the people, housing, costs and businesses in Mountain Lake Park, Maryland

Median Home$211,910
Median Rent$803/month
Population2,101
Leading IndustriesManufacturing · Transportation · Education2% manufacturing
Home Value Growth+5.7% over 2 years
Retirees29% of residentswell above average
Homeowners77% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
NotableAmenity Score75/100 · highly walkable area
Mountain Lake Park
MD

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Mountain Lake Park?

As of today, the 30-year fixed mortgage rate for Mountain Lake Park is approximately 6.939% (6.977% 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 Mountain Lake Park?

The median home value in Mountain Lake Park is $212k. The median monthly rent is $803. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mountain Lake Park?

Home values in Mountain Lake Park have increased 5.7% over the past two years. This represents moderate growth. 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 Mountain Lake Park?

Based on a typical all-in ownership cost of $834/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mountain Lake Park is $54k/year.

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What industries drive the economy in Mountain Lake Park?

The largest employment sectors in Mountain Lake Park are public administration (19%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.