Quick facts: Nanticoke, MD

Quick Facts

114.1
Cost of Living
above US average
351
Population
350.43
Crime Rate per 1000
above US average
$88,594
Median Income
above US average
$129,900
Median House Price
above US average
$1928
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
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 $88,594.

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Income Needed to Buy

βœ“ Affordable
$41k/year
Based on $129,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($88,594) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$83k/year
Based on $1928/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($88,594) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Nanticoke, MD

Nanticoke is a small, unincorporated community located in Wicomico County, Maryland. Situated along the banks of the Nanticoke River, it offers picturesque views and a tranquil atmosphere typical of rural Maryland. The area is known for its natural beauty, with nearby parks and wildlife offering opportunities for outdoor activities such as fishing, hiking, and bird watching. Nanticoke's proximity to the river allows for various water-based recreational activities, and the landscape is characterized by lush greenery and open farmland. The community embodies a tight-knit, small-town feel, where residents often participate in local events and seasonal festivals. While Nanticoke itself is relatively small, it is part of a larger region that includes the cities of Salisbury and Cambridge, providing access to more extensive services, shopping, and cultural activities. The area also has historical significance, with roots tracing back to Indigenous tribes and early European settlers. Overall, Nanticoke, MD, is a charming spot for those seeking a peaceful rural lifestyle with the amenities of larger towns nearby.

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