Quick facts: Smithsburg, MD

Quick Facts

114.1
Cost of Living
above US average
3,121
Population
4.49
Crime Rate per 1000
below US average
$89,167
Median Income
above US average
$399,900
Median House Price
above US average
$1569.0
Average Rent
above US average
5%
Poverty Rate
below US average
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 $89,167.

🏠

Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $89,167
🏒

Income Needed to Rent

βœ“ Affordable
$67k/year
Based on $1569.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($89,167) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Smithsburg, MD

Smithsburg is a small town located in Washington County, Maryland, nestled at the base of the picturesque South Mountain. Known for its charming rural character, Smithsburg offers a tight-knit community atmosphere with a population of around 1,500 residents. The town’s history dates back to the 19th century, featuring several historic buildings and sites that reflect its heritage. Outdoor enthusiasts will appreciate the proximity to the Appalachian Trail and numerous parks that provide opportunities for hiking, picnicking, and enjoying nature. Smithsburg's location offers easy access to the larger cities of Hagerstown and Frederick, making it a convenient spot for those who want a peaceful lifestyle with urban amenities within reach. Local events, such as seasonal festivals and farmers' markets, foster community spirit and engagement. The schools in Smithsburg are part of the Washington County Public School system, providing quality education options for families. In summary, Smithsburg is an inviting small town that combines natural beauty, community values, and accessible amenities.

πŸ” Search & Compare Places

First Location πŸ“