Quick facts: Reisterstown, MD

Quick Facts

114.1
Cost of Living
above US average
27,616
Population
5.65
Crime Rate per 1000
below US average
$75,652
Median Income
below US average
$459,999
Median House Price
above US average
$3480.36
Average Rent
above US average
5%
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 $75,652.

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Income Needed to Buy

βœ— Stretch
$144k/year
Based on $459,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $144k vs median $75,652
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Income Needed to Rent

⚠ Stretch
$149k/year
Based on $3480.36/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $149k vs median $75,652
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Reisterstown, MD

Reisterstown is a charming suburban community located in Baltimore County, Maryland. Known for its rich history, the town dates back to the 18th century and was initially a central hub for local agriculture and trade. Today, Reisterstown offers a blend of small-town charm and modern conveniences, making it an appealing place for families and professionals alike. The town features a variety of parks and recreational facilities, including the popular Reisterstown Regional Park, which offers walking trails, sports fields, and picnic areas. The Reisterstown community is also known for its vibrant local shops and restaurants, reflecting the area's diverse culture. Reisterstown is conveniently situated near major highways, providing easy access to Baltimore city and other surrounding areas. The historic downtown area showcases beautiful architecture and hosts several community events throughout the year, fostering a strong sense of community spirit. With its welcoming atmosphere and abundant amenities, Reisterstown continues to attract new residents who appreciate its balance of history and modern living.

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