Quick facts: Mount rainier, MD

Quick Facts

114.1
Cost of Living
above US average
8,126
Population
33.47
Crime Rate per 1000
above US average
$64,170
Median Income
below US average
$505,000
Median House Price
above US average
$2670.0
Average Rent
above US average
10%
Poverty Rate
below US average
4.5%
Unemployment Rate
above 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 $64,170.

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Income Needed to Buy

βœ— Stretch
$158k/year
Based on $505,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $158k vs median $64,170
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Income Needed to Rent

⚠ Stretch
$114k/year
Based on $2670.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $114k vs median $64,170
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mount rainier, MD

Mount Rainier is a small city located in Prince George's County, Maryland, just a few miles northeast of Washington, D.C. With a population of around 8,000 residents, it offers a close-knit community vibe paired with easy access to the bustling capital. Established in the 1910s, Mount Rainier features charming tree-lined streets and a blend of historic homes and more modern developments. The city is known for its vibrant arts scene, particularly along Rhode Island Avenue, where you'll find local shops, restaurants, and art galleries. Mount Rainier is also home to several parks, including the popular Mount Rainier Park, which provides opportunities for walking, picnicking, and enjoying the outdoors. Public transportation options, including metro and bus services, connect residents to Washington, D.C., making it a convenient location for commuters. Mount Rainier’s diverse population contributes to its cultural richness, fostering a community spirit that celebrates various traditions and events throughout the year. Overall, Mount Rainier offers a suburban feel with the benefits of urban proximity.

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