Somerset County, Maryland home prices
Typical home $202,653 · +2.8% in a year · property tax 0.92%
The typical home in Somerset County is worth $202,653, 52% less than the Maryland typical home ($424,890). Values changed +2.8% in the past year and +22.5% over five years. Homeowners here pay a median 0.92% of their home's value in property tax each year ($1,862 on the typical home), versus 0.98% statewide.
Mortgage on the typical Somerset County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,531 | $162,122 | $1,091 | $0 | $256 | $1,347 | $57,700 |
| 10% down | $20,265 | $182,388 | $1,227 | $76 | $256 | $1,559 | $66,800 |
| 5% down | $10,133 | $192,520 | $1,295 | $80 | $256 | $1,632 | $69,900 |
| 3.5% down (FHA) | $7,093 | $198,983 | $1,339 | $90 | $256 | $1,685 | $72,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.92% 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 Salisbury metro area.
Maryland counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Baltimore City | $181,356 | -3.9% | 1.46% |
| Allegany County | $155,795 | +3.1% | 1.06% |
| Dorchester County | $268,747 | +0.9% | 0.94% |
| Wicomico County | $271,722 | +1.2% | 0.85% |
| Caroline County | $326,167 | +0.7% | 0.9% |
| Washington County | $327,924 | +0.5% | 0.84% |
| Garrett County | $334,905 | +2.0% | 0.78% |
| Baltimore County | $358,090 | +0.4% | 1.07% |
| Cecil County | $383,362 | +1.4% | 0.89% |
| Kent County | $383,742 | +2.6% | 0.91% |
Frequently asked questions
What is the average home price in Somerset County, MD?
The typical home value in Somerset County is $202,653 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Somerset County?
About $57,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Somerset County?
The median effective rate is 0.92% of home value a year (Census ACS 2024 5-year estimates).