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Port Tobacco

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

Median Home$478,421
Median Rent$1,598/month
Population19
Leading IndustriesWholesale Trade · Finance & Insurance · Education17% wholesale trade
Home Value Growth+5.8% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners86% of occupied units
NotableHigh Incomes$139k/year · top 5% nationally
Port Tobacco Village
MD

Frequently Asked Questions

What are today's mortgage rates in Port Tobacco?

As of today, the 30-year fixed mortgage rate for Port Tobacco is approximately 6.930% (6.963% 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 Tobacco?

The median home value in Port Tobacco is $478k. The median monthly rent is $1,598. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Port Tobacco?

Home values in Port Tobacco have increased 5.8% 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 Port Tobacco?

Based on a typical all-in ownership cost of $2,075/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $89k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Port Tobacco is $139k/year.

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What industries drive the economy in Port Tobacco?

The largest employment sectors in Port Tobacco are public administration (20%) and wholesale trade (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.