Quick facts: Girdletree, MD

Quick Facts

114.1
Cost of Living
above US average
122
Population
Crime rate Data is updating, will be available soon
$129,167
Median Income
above US average
$155,000
Median House Price
above US average
$1928
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $129,167.

🏠

Income Needed to Buy

βœ“ Affordable
$49k/year
Based on $155,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($129,167) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$83k/year
Based on $1928/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($129,167) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Girdletree, MD

Girdletree is a small community located in Worcester County, Maryland. Situated in the southeastern part of the state, it lies near the Delmarva Peninsula, known for its scenic landscapes and coastal charm. Girdletree has a rural atmosphere, characterized by its close-knit community and agricultural surroundings. The area is primarily residential and offers a glimpse into the quieter, more traditional Maryland lifestyle. While Girdletree does not boast a wide array of commercial establishments, it is conveniently located near larger towns and cities, providing access to shops, dining, and essential services. Outdoor enthusiasts can enjoy the natural beauty of the region, with opportunities for fishing, hunting, and exploring nearby parks. The proximity to the Chesapeake Bay adds to the recreational options, making it a pleasant spot for nature lovers. Overall, Girdletree, MD, offers a serene escape from urban life, with a focus on community and nature, making it an appealing location for those seeking tranquility away from the hustle and bustle of larger cities.

πŸ” Search & Compare Places

First Location πŸ“