Quick facts: Sykesville, MD

Quick Facts

114.1
Cost of Living
above US average
4,371
Population
13.04
Crime Rate per 1000
below US average
$126,941
Median Income
above US average
$558,735
Median House Price
above US average
$2423.77
Average Rent
above US average
4%
Poverty Rate
below US average
3.1%
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 $126,941.

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Income Needed to Buy

βœ— Stretch
$175k/year
Based on $558,735 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $175k vs median $126,941
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Income Needed to Rent

βœ“ Affordable
$104k/year
Based on $2423.77/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($126,941) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sykesville, MD

Sykesville, Maryland, is a charming town located in Carroll County, with a rich history dating back to the mid-18th century. Nestled approximately 30 miles northwest of Baltimore, Sykesville is known for its picturesque Main Street, which features a variety of quaint shops, restaurants, and community events. The town's well-preserved historic architecture adds to its small-town charm. Sykesville is also surrounded by natural beauty, including parks and outdoor recreational opportunities. The nearby Liberty Reservoir offers hiking, fishing, and kayaking, making it a popular spot for nature lovers. The community is known for its friendly atmosphere and active civic engagement, with numerous events throughout the year that foster a strong sense of community. Education in Sykesville is served by Carroll County Public Schools, which are well regarded for their academic achievements. The town's location provides easy access to larger metropolitan areas while maintaining a cozy, suburban feel, making it an attractive place to live for families and those seeking a quieter lifestyle. Overall, Sykesville embodies the warmth of a close-knit community with a vibrant local culture.

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