Quick facts: Hyattsville, MD

Quick Facts

112.4
Cost of Living
above US average
20,675
Population
57.9
Crime Rate per 1000
above US average
$90,329
Median Income
above US average
$499,900
Median House Price
above US average
$2464.31
Average Rent
above US average
11%
Poverty Rate
above US average
4.2%
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 $90,329.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $90,329
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Income Needed to Rent

⚠ Stretch
$106k/year
Based on $2464.31/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $106k vs median $90,329
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hyattsville, MD

Hyattsville, Maryland, is a vibrant city located just northeast of Washington, D.C. Known for its rich history and diverse community, Hyattsville blends suburban charm with urban conveniences. The city features a variety of architectural styles, including beautiful historic homes and modern developments. Hyattsville is also home to a burgeoning arts scene, highlighted by the Hyattsville Arts District, where local galleries, studios, and murals showcase the creativity of its residents. The area hosts numerous events throughout the year, fostering community engagement. The city offers ample recreational opportunities with parks like Magruder Park and the nearby Anacostia River Trail. Hyattsville has accessible public transportation, including the Hyattsville Metro station, making commuting to D.C. and surrounding areas convenient. Additionally, residents enjoy a mix of local shops, restaurants, and cafes, contributing to its growing reputation as a desirable place to live. With a strong sense of community and a strategic location, Hyattsville embodies the best of suburban living with easy access to urban amenities.

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