Quick facts: Middle river, MD

Quick Facts

114.1
Cost of Living
above US average
31,155
Population
9.47
Crime Rate per 1000
below US average
$72,970
Median Income
below US average
$450,000
Median House Price
above US average
$2239.55
Average Rent
above US average
8%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

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 $72,970.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $450,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $72,970
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Income Needed to Rent

⚠ Stretch
$96k/year
Based on $2239.55/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $96k vs median $72,970
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Middle river, MD

Middle River is a charming community located in Baltimore County, Maryland. Situated just northeast of Baltimore city, it offers residents a suburban feel with close proximity to urban amenities. Middle River is known for its beautiful waterways, including the Middle River itself, which provides opportunities for boating, fishing, and other recreational activities. The area boasts a mix of residential neighborhoods, parks, and shopping centers, making it a convenient place to live. The nearby Martin State Airport adds accessibility to the region for both personal and commercial travel. Educational institutions in the area are part of the Baltimore County Public Schools system, which is well-regarded for its diverse programs and dedicated staff. Additionally, Middle River has various churches, community centers, and local businesses that contribute to a tight-knit community atmosphere. With its blend of natural beauty and urban convenience, Middle River offers a unique quality of life that's attractive to families, young professionals, and retirees alike. Activities abound, ranging from outdoor adventures in parks to local dining spots, making it a well-rounded location in Maryland.

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