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Woodmore

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

Median Home$678,659
Median Rent$3,501/month
Population4,227
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services16% arts, food & hospitality
Home Value Growth⬆⬆+20.5% over 2 years
Family-Friendly21% of residents
Homeowners93% of occupied units
NotableHigh Incomes$198k/year · top 1% nationally
NotableVeteran Community10% of residents · top 14% nationally
Woodmore
MD

Frequently Asked Questions

What are today's mortgage rates in Woodmore?

As of today, the 30-year fixed mortgage rate for Woodmore is approximately 6.807% (6.840% 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 Woodmore?

The median home value in Woodmore is $679k. The median monthly rent is $3,501. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Woodmore?

Home values in Woodmore have increased 20.5% 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 Woodmore?

Based on a typical all-in ownership cost of $3,291/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $141k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Woodmore is $198k/year.

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What industries drive the economy in Woodmore?

The largest employment sectors in Woodmore are public administration (23%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.