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Port Deposit

Learn about the people, housing, costs and businesses in Port Deposit, Maryland

Median Home$325,600
Median Rent$1,464/month
Population585
Leading IndustriesFinance & Insurance · Transportation · Information & Media8% finance & insurance
Home Value Growth⬆⬆+11.4% over 2 years
Young Adults27% of residentsnear the national average
Homeowners89% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableHigh Incomes$87k/year · top 28% nationally
Port Deposit
MD

Frequently Asked Questions

What are today's mortgage rates in Port Deposit?

As of today, the 30-year fixed mortgage rate for Port Deposit is approximately 6.909% (6.946% 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 Port Deposit?

The median home value in Port Deposit is $326k. The median monthly rent is $1,464. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Port Deposit?

Home values in Port Deposit have increased 11.4% 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 Port Deposit?

Based on a typical all-in ownership cost of $1,549/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Port Deposit is $87k/year.

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What industries drive the economy in Port Deposit?

The largest employment sectors in Port Deposit are public administration (15%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.