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Peppermill

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

Median Home$345,900
Median Rent$845/month
Population5,238
Leading IndustriesHealthcare · Arts, Food & Hospitality16% healthcare
Home Value Growth+2.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners74% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$86k/year · top 29% nationally
Peppermill Village
MD

Frequently Asked Questions

What are today's mortgage rates in Peppermill?

As of today, the 30-year fixed mortgage rate for Peppermill is approximately 6.894% (6.930% 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 Peppermill?

The median home value in Peppermill is $346k. The median monthly rent is $845. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Peppermill?

Home values in Peppermill have increased 2.3% 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 Peppermill?

Based on a typical all-in ownership cost of $1,641/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Peppermill is $86k/year.

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What industries drive the economy in Peppermill?

The largest employment sectors in Peppermill are public administration (21%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.