Quick facts: Westover, MD

Quick Facts

114.1
Cost of Living
above US average
267
Population
93.63
Crime Rate per 1000
above US average
$60,000
Median Income
below US average
$139,000
Median House Price
above US average
$2650.0
Average Rent
above US average
12%
Poverty Rate
above US average
5.0%
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 $60,000.

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Income Needed to Buy

βœ“ Affordable
$44k/year
Based on $139,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($60,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$114k/year
Based on $2650.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $114k vs median $60,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Westover, MD

Westover is a small town located in Somerset County, Maryland. Situated on the eastern shore of the Chesapeake Bay, it embodies the charm of rural Maryland while being close to the coast. The town is characterized by its picturesque landscapes, agricultural surroundings, and a tight-knit community atmosphere. Westover is near the Pocomoke River and offers various recreational activities including fishing, boating, and hiking in the nearby Chesapeake Forest Lands. The local economy is primarily driven by agriculture, with many residents engaged in farming and related industries. Being part of a larger rural area, Westover provides easy access to neighboring towns such as Princess Anne and Crisfield, where residents can find additional amenities like shopping, dining, and schools. The town also reflects the rich history of the Eastern Shore, with historic sites and a focus on preserving the local culture. With its serene environment and community-oriented lifestyle, Westover, MD, serves as a lovely getaway for those looking to experience the slower pace of life on the Eastern Shore.

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