Montgomery County, Maryland home prices
Typical home $606,938 · -0.4% in a year · property tax 0.87%
The typical home in Montgomery County is worth $606,938, 43% more than the Maryland typical home ($424,890). Values changed -0.4% in the past year and +10.1% over five years. Homeowners here pay a median 0.87% of their home's value in property tax each year ($5,250 on the typical home), versus 0.98% statewide.
Mortgage on the typical Montgomery County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $121,388 | $485,551 | $3,266 | $0 | $741 | $4,007 | $171,700 |
| 10% down | $60,694 | $546,245 | $3,675 | $228 | $741 | $4,643 | $199,000 |
| 5% down | $30,347 | $576,591 | $3,879 | $240 | $741 | $4,860 | $208,300 |
| 3.5% down (FHA) | $21,243 | $595,945 | $4,009 | $268 | $741 | $5,018 | $215,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.87% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Maryland · part of the Washington metro area.
Maryland counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Howard County | $625,349 | +0.8% | 1.17% |
| Queen Annes County | $522,697 | +2.3% | 0.78% |
| Anne Arundel County | $502,145 | +0.9% | 0.85% |
| Frederick County | $494,258 | -0.4% | 0.99% |
| Carroll County | $486,857 | +0.8% | 0.91% |
| Talbot County | $484,929 | -0.1% | 0.65% |
| Calvert County | $480,115 | +1.0% | 0.84% |
| Charles County | $442,448 | -1.4% | 1.01% |
| Saint Marys County | $431,391 | +2.7% | 0.84% |
| Worcester County | $422,876 | -0.7% | 0.73% |
Frequently asked questions
What is the average home price in Montgomery County, MD?
The typical home value in Montgomery County is $606,938 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Montgomery County?
About $171,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Montgomery County?
The median effective rate is 0.87% of home value a year (Census ACS 2024 5-year estimates).