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Potomac Park

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

Median Home$138,200
Median Rent$927/month
Population818
Leading IndustriesWholesale Trade · Education15% wholesale trade
Home Value Growth⬆⬆+12.0% over 2 years
Young Adults34% of residentswell above average
Homeowners78% of occupied units
Potomac Park
MD

Frequently Asked Questions

What are today's mortgage rates in Potomac Park?

As of today, the 30-year fixed mortgage rate for Potomac Park is approximately 6.919% (6.956% 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 Potomac Park?

The median home value in Potomac Park is $138k. The median monthly rent is $927. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Potomac Park?

Home values in Potomac Park have increased 12.0% 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 Potomac Park?

Based on a typical all-in ownership cost of $924/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Potomac Park is $64k/year.

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What industries drive the economy in Potomac Park?

The largest employment sectors in Potomac Park are public administration (20%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.