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Piney Point

Learn about the people, housing, costs and businesses in Piney Point, Maryland

Median Home$507,000
Median Rent$1,413/month
Population947
Leading IndustriesWholesale Trade · Arts, Food & Hospitality · Information & Media12% wholesale trade
Home Value Growth⬆⬆+17.3% over 2 years
Retirees34% of residentstop 4% nationally
Homeowners88% of occupied units
NotableHigh Incomes$135k/year · top 6% nationally
NotableVeteran Community12% of residents · top 6% nationally
Piney Point
MD

Frequently Asked Questions

What are today's mortgage rates in Piney Point?

As of today, the 30-year fixed mortgage rate for Piney Point is approximately 6.865% (6.900% 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 Piney Point?

The median home value in Piney Point is $507k. The median monthly rent is $1,413. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Piney Point?

Home values in Piney Point have increased 17.3% 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 Piney Point?

Based on a typical all-in ownership cost of $1,948/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 Piney Point is $135k/year.

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What industries drive the economy in Piney Point?

The largest employment sectors in Piney Point are public administration (13%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.