Living in Hampstead, Maryland
Cost of living, income, home prices, rent and demographics of Hampstead · Census data 2020–2024
Hampstead has 6,251 residents with a median age of 47. The median household income is $97,871 (6% lower than the Maryland median), the median home value is $333,000, the median rent is $1,309/month.
Hampstead at a glance
- Population
- 6,251
- Median age
- 47State: 39.4
- Median household income
- $97,871State: $103,678
- Median home value
- $333,000State: $419,900
- Median rent
- $1,309/moState: $1,705
- Homeowners
- 80.3%
- Bachelor's degree or higher
- 40.4%
- Average commute
- 30 min
Is Hampstead a good place to live?
Pros: Home values 21% lower than the state median; an average commute of 30 minutes; unemployment of 4.8%; a poverty rate of 6.9%.
Cons: Median household income 6% lower than the Maryland median.
The weather is best in May–June and August–September.
Cost of living in Hampstead
Housing is the biggest part of the cost of living. In Hampstead the median home value is $333,000, about the same as the U.S. median. Renters pay a median of $1,309 per month, which is 30.7% of household income. Homeowners with a mortgage pay $1,828 a month in housing costs.
Hampstead median household income
The median household income in Hampstead is $97,871 and the income per person is $50,061. 6.9% of residents live below the poverty line (Maryland: 9.4%).
Housing in Hampstead: homes for sale and rent
- Housing units
- 2,829
- Owner-occupied
- 80.3%
- Renter-occupied
- 19.7%
- Vacant
- 3.5%Includes seasonal homes
- Median year built
- 1993
- Average household size
- 2.29
Hampstead demographics
- Population
- 6,251
- Median age
- 47
- Under 18
- 19.4%
- 65 and older
- 15.8%
- Households
- 2,731
- Foreign-born
- 3.2%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Hampstead ›
Education in Hampstead
40.4% of adults 25 and older in Hampstead have a bachelor's degree or higher (Maryland: 43.4%), and 13.4% have a graduate or professional degree.
Jobs and commute in Hampstead
- Unemployment rate
- 4.8%State: 4.9%
- Average commute
- 30 minState: 31 min
- Work from home
- 14.8%
- Drive alone
- 78.8%
- Public transit
- 0.3%
- Walk to work
- 0.4%
- Homes with broadband
- 96.6%
Hampstead vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hampstead | 6,251 | $97,871 | $333,000 | $1,309 |
| Manchester | 5,439 | $121,676 | $376,400 | $1,358 |
| Westminster | 20,445 | $86,219 | $337,600 | $1,476 |
| Manheim | 3,493 | $115,423 | $340,000 | $887 |
| West Manheim | 9,839 | $97,582 | $299,700 | $1,609 |
| Reisterstown | 25,582 | $85,543 | $358,700 | $1,600 |
| New Freedom | 5,066 | $120,037 | $370,900 | $1,640 |
| Codorus | 3,943 | $101,676 | $286,200 | $1,428 |
| Parkville | 8,128 | $77,352 | $222,400 | $1,340 |
More for people moving to Hampstead
Hampstead ZIP code ›Weather and climate ›Living in Hampstead: FAQ
What is the median household income in Hampstead, MD?
The median household income in Hampstead is $97,871, 6% lower than the Maryland median of $103,678 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Hampstead?
The median home value in Hampstead is $333,000, compared with $419,900 in Maryland.
How much is rent in Hampstead?
The median gross rent in Hampstead is $1,309 per month, about 30.7% of household income.
Is Hampstead, MD a good place to live?
Pluses: home values 21% lower than the state median; an average commute of 30 minutes; unemployment of 4.8%; a poverty rate of 6.9%. Minuses: median household income 6% lower than the Maryland median.
What is the median age in Hampstead?
The median age in Hampstead is 47 years (Maryland: 39.4).
How long is the commute in Hampstead?
The average commute to work in Hampstead is 30 minutes; 14.8% of workers work from home.
What is the unemployment rate in Hampstead?
The unemployment rate in Hampstead is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hampstead?
40.4% of adults in Hampstead have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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