Forestville, MD

Above Avg · 115

Maryland · Population 10,839 · Updated March 2026

$1,694
Median Rent / Month
$80,028
Median Income
$324,700
Median Home Value
$1,742
Owner Costs / Month

Affordability

How far your income goes in Forestville

25.4%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Maryland

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
6.0%
Sales Tax
1.07%
Property Tax Rate

Estimated Annual Costs

$20,328
Annual Rent
$4,602
State Income Tax
$3,474
Property Tax (est.)

Cost of Living Overview

Forestville is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 115 (where 100 equals the national median), Forestville residents can expect to pay median rent of $1,694/month while earning a median household income of $80,028/year.

The median home value in Forestville, MD is $324,700, with typical monthly owner costs around $1,742 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.4%, Forestville falls within the generally affordable range, though it's approaching the 30% burden threshold.

Maryland has a moderate income tax rate of 5.75%. Combined with a 6.0% sales tax rate and 1.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Forestville.

Frequently Asked Questions

Common questions about living costs in Forestville

What is the cost of living in Forestville, MD?
The cost of living index in Forestville, MD is 115 (US average = 100). Median monthly rent is $1,694, median household income is $80,028/year, and the median home value is $324,700.
Is Forestville, MD affordable?
No, Forestville is more expensive than the national average with a cost index of 115. The rent-to-income ratio is 25.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Forestville, MD?
The median gross rent in Forestville, MD is $1,694 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,328.
What is the median household income in Forestville?
The median household income in Forestville, MD is $80,028 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Maryland?
Maryland has a top income tax rate of 5.75%, a sales tax of 6.0%, and an effective property tax rate of 1.07%.