Quick facts: Glen arm, MD

Quick Facts

114.1
Cost of Living
above US average
1,952
Population
17.93
Crime Rate per 1000
below US average
$114,000
Median Income
above US average
$899,000
Median House Price
above US average
$5500.0
Average Rent
above US average
2%
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 $114,000.

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Income Needed to Buy

βœ— Stretch
$282k/year
Based on $899,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $282k vs median $114,000
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Income Needed to Rent

⚠ Stretch
$236k/year
Based on $5500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $236k vs median $114,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Glen arm, MD

Glen Arm is a charming unincorporated community located in Baltimore County, Maryland. Nestled in the picturesque landscape of rolling hills and lush greenery, it offers a serene suburban environment that appeals to families and nature lovers alike. The area is predominantly residential, featuring a mix of single-family homes that often include spacious yards and gardens. Glen Arm is known for its close-knit community spirit and access to outdoor activities. The proximity to parks and natural reserves allows residents to enjoy hiking, biking, and various recreational opportunities. Notable nearby attractions include the NCR Trail, which is perfect for those who love walking or cycling amidst scenic views. The community is conveniently located near major highways, providing easy access to the urban amenities of Baltimore, just a short drive away. Residents benefit from a mix of local shops, restaurants, and schools, contributing to a family-friendly atmosphere. Overall, Glen Arm combines the tranquility of suburban living with the convenience of nearby urban access, making it an appealing place to call home.

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