Quick facts: Greenbelt, MD

Quick Facts

114.1
Cost of Living
above US average
24,360
Population
34.32
Crime Rate per 1000
above US average
$82,019
Median Income
above US average
$215,000
Median House Price
above US average
$2299.62
Average Rent
above US average
9%
Poverty Rate
below US average
6.5%
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 $82,019.

🏠

Income Needed to Buy

βœ“ Affordable
$67k/year
Based on $215,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($82,019) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$99k/year
Based on $2299.62/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $99k vs median $82,019
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Greenbelt, MD

Greenbelt is a city located in Prince George's County, Maryland, with a rich history and a vibrant community. Established in the 1930s as part of the New Deal, Greenbelt was designed as a planned community, emphasizing green spaces and cooperative living. The city covers approximately 1.8 square miles and has a population of around 23,000 residents. Greenbelt offers a blend of suburban charm and access to urban amenities. The city is surrounded by parks and green spaces, including Greenbelt Lake and the Greenbelt Park, which provides opportunities for outdoor activities such as hiking, picnicking, and birdwatching. The city's historic district features unique architecture, and the community hosts various cultural events throughout the year, fostering a sense of belonging among residents. Greenbelt is conveniently located near major highways, offering easy access to Washington, D.C., and Baltimore, making it an attractive location for commuters. In addition, Greenbelt is part of a larger network of vibrant neighborhoods in the D.C. metropolitan area, offering diverse dining, shopping, and entertainment options. The city's commitment to sustainability and community engagement makes it a noteworthy place to live or visit.

πŸ” Search & Compare Places

First Location πŸ“