Maryland home prices and mortgage costs
Typical home value $424,890 · -0.1% in a year · property tax 0.98%
Maryland ranks 17th most expensive of 51 states and D.C. Home values changed -0.1% over the past year and +13.3% over five years. Buying the typical home with 20% down costs about $2,846 a month at 7.11%, which needs a household income of about $122,000.
Cost of the typical Maryland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $84,978 | $339,912 | $2,287 | $0 | $559 | $2,846 | $122,000 |
| 10% down | $42,489 | $382,401 | $2,572 | $159 | $559 | $3,291 | $141,000 |
| 5% down | $21,244 | $403,645 | $2,715 | $168 | $559 | $3,443 | $147,600 |
| 3.5% down (FHA) | $14,871 | $417,194 | $2,806 | $188 | $559 | $3,554 | $152,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.98% 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.
Check a specific budget: how much house you can afford in Maryland by salary · payment on a $400K home in Maryland
Home prices by county in Maryland
| County | Typical home | 1-yr change | Tax rate | Payment / month | Income needed |
|---|---|---|---|---|---|
| Howard County | $625,349 | +0.8% | 1.17% | $4,287 | $183,700 |
| Montgomery County | $606,938 | -0.4% | 0.87% | $4,007 | $171,700 |
| Queen Annes County | $522,697 | +2.3% | 0.78% | $3,415 | $146,400 |
| Anne Arundel County | $502,145 | +0.9% | 0.85% | $3,307 | $141,700 |
| Frederick County | $494,258 | -0.4% | 0.99% | $3,313 | $142,000 |
| Carroll County | $486,857 | +0.8% | 0.91% | $3,231 | $138,500 |
| Talbot County | $484,929 | -0.1% | 0.65% | $3,113 | $133,400 |
| Calvert County | $480,115 | +1.0% | 0.84% | $3,162 | $135,500 |
| Charles County | $442,448 | -1.4% | 1.01% | $2,976 | $127,500 |
| Saint Marys County | $431,391 | +2.7% | 0.84% | $2,839 | $121,700 |
| Worcester County | $422,876 | -0.7% | 0.73% | $2,745 | $117,600 |
| Prince Georges County | $421,250 | -1.2% | 1.12% | $2,871 | $123,000 |
| Harford County | $414,044 | +0.9% | 0.89% | $2,743 | $117,600 |
| Kent County | $383,742 | +2.6% | 0.91% | $2,549 | $109,300 |
| Cecil County | $383,362 | +1.4% | 0.89% | $2,540 | $108,900 |
| Baltimore County | $358,090 | +0.4% | 1.07% | $2,425 | $103,900 |
| Garrett County | $334,905 | +2.0% | 0.78% | $2,188 | $93,800 |
| Washington County | $327,924 | +0.5% | 0.84% | $2,158 | $92,500 |
| Caroline County | $326,167 | +0.7% | 0.9% | $2,164 | $92,700 |
| Wicomico County | $271,722 | +1.2% | 0.85% | $1,791 | $76,800 |
| Dorchester County | $268,747 | +0.9% | 0.94% | $1,790 | $76,700 |
| Somerset County | $202,653 | +2.8% | 0.92% | $1,347 | $57,700 |
| Baltimore City | $181,356 | -3.9% | 1.46% | $1,287 | $55,200 |
| Allegany County | $155,795 | +3.1% | 1.06% | $1,053 | $45,100 |
Metro areas in Maryland
Frequently asked questions
What is the average home price in Maryland?
The typical home in Maryland is worth $424,890 according to the Zillow Home Value Index for September 2026.
How much income do you need to buy a house in Maryland?
About $122,000 a year to buy the typical $424,890 home with 20% down at 7.11%, keeping housing under 28% of income.
What is the property tax rate in Maryland?
The typical effective rate is 0.98% of the home's value a year (median taxes paid divided by median home value, Census ACS 2025).