Quick facts: Perry hall, MD

Quick Facts

114.1
Cost of Living
above US average
29,255
Population
8.55
Crime Rate per 1000
below US average
$103,061
Median Income
above US average
$539,990
Median House Price
above US average
$2668.75
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 $103,061.

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Income Needed to Buy

βœ— Stretch
$169k/year
Based on $539,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $169k vs median $103,061
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Income Needed to Rent

⚠ Stretch
$114k/year
Based on $2668.75/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $114k vs median $103,061
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Perry hall, MD

Perry Hall is a suburban community located in Baltimore County, Maryland. Known for its family-friendly environment, Perry Hall offers a blend of residential neighborhoods, parks, and local amenities. The area boasts a strong sense of community, with various events and activities that cater to families and residents of all ages. Perry Hall features a range of recreational facilities, including parks such as Honeygo Run Regional Park and Perry Hall Park, which offer trails, sports fields, and playgrounds. The local school districts are well-regarded, making it an attractive place for families with children. The community also benefits from a variety of shopping and dining options, with local businesses and popular chains conveniently located along key thoroughfares. Proximity to Baltimore city allows residents easy access to urban amenities, cultural events, and job opportunities, while still enjoying the suburban lifestyle. Overall, Perry Hall is characterized by its strong community spirit, quality schools, and convenient access to both local and metropolitan resources.

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