Quick facts: Point of rocks, MD

Quick Facts

114.1
Cost of Living
above US average
2,360
Population
2.12
Crime Rate per 1000
below US average
$126,944
Median Income
above US average
$525,000
Median House Price
above US average
$1928
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.5%
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 $126,944.

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Income Needed to Buy

βœ— Stretch
$165k/year
Based on $525,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $165k vs median $126,944
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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 ($126,944) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Point of rocks, MD

Point of Rocks is a small, unincorporated community located in Frederick County, Maryland, nestled along the Potomac River near the border of Virginia. This charming area is known for its scenic surroundings, historical significance, and its close-knit community atmosphere. Point of Rocks was originally established as a railroad town in the mid-19th century, serving as a vital stop on the Potomac River and Northern Railroad, which contributed to its growth. The community is characterized by a mix of residential homes, and it features historic architecture that reflects its rich past. Point of Rocks is surrounded by nature, providing residents with beautiful views of the Potomac River and access to hiking and outdoor recreational opportunities in the nearby Catoctin Mountains. Local amenities include small shops and cafes that cater to the needs of the community. For those interested in outdoor activities, the nearby Catoctin Mountain Park and the Appalachian Trail offer hiking, biking, and nature exploration options. Additionally, Point of Rocks is conveniently located near major highways, making it an accessible commute for those working in the larger metropolitan areas of Baltimore and Washington, D.C.

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