2026 data · 0.99% property tax · Median home $371,100
Maryland Mortgage Calculator
A median-priced home in Maryland ($371,100) costs roughly $2,451 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Maryland's effective property tax rate is 0.99% — close to the US average of about 1.0%.
Maryland median-home monthly payment
$2,451/mo
P&I $1,975 · Tax $306 · Insurance $170
@ $371,100 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Maryland
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $165 | $92 | $1,321 |
| $300,000 | $60,000 | $1,597 | $248 | $138 | $1,982 |
| $371,100 (state median) | $74,220 | $1,975 | $306 | $170 | $2,451 |
| $400,000 | $80,000 | $2,129 | $330 | $183 | $2,642 |
| $500,000 | $100,000 | $2,661 | $413 | $229 | $3,303 |
| $750,000 | $150,000 | $3,992 | $619 | $344 | $4,954 |
Calculations use Maryland's 0.99% effective property tax rate, estimated homeowners insurance at 0.55%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Maryland property tax
Effective rate
0.99%
Median home value
$371,100
Median property tax
$3,680/yr
Maryland's Homestead Tax Credit caps annual assessment increases at 10% for primary residences. Transfer tax is 1% of sale price (split between buyer and seller).
See our property tax calculator for a state-by-state property tax breakdown, and our Maryland paycheck calculator to estimate take-home pay against this monthly housing cost.
Maryland vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Maryland (this page) | 0.99% | $371,100 | $3,680 | |
| Virginia | 0.80% | $348,300 | $2,780 | Virginia mortgage → |
| West Virginia | 0.57% | $134,200 | $768 | West Virginia mortgage → |
| Delaware | 0.55% | $305,900 | $1,756 | Delaware mortgage → |
| Pennsylvania | 1.43% | $239,800 | $3,440 | Pennsylvania mortgage → |
FAQs about Maryland mortgages
What is the property tax rate in Maryland?
Maryland's effective property tax rate is 0.99%, meaning the average homeowner pays roughly 0.99% of their home's value in property tax annually. On a $371,100 home (the state median), that's about $3,680 per year, or $307 per month added to your mortgage payment.
What is the average monthly mortgage payment in Maryland?
For a home at Maryland's median value of $371,100, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Maryland's 0.99% property tax + estimated insurance, the typical monthly PITI payment is approximately $2,451. This includes $1,975 principal & interest, $306 property tax, and $170 homeowners insurance.
How much income do I need to buy a house in Maryland?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $105,043 to comfortably afford Maryland's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $68,400 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Maryland a good state to buy a house?
Maryland's combination of 0.99% property tax (near the national average of ~1.0%) and median home value of $371,100 place it in the mid-range of state housing markets nationally. Maryland's Homestead Tax Credit caps annual assessment increases at 10% for primary residences.
How does Maryland property tax compare to neighboring states?
Maryland's 0.99% rate compares to: Virginia at 0.80%, West Virginia at 0.57%, Delaware at 0.55%, Pennsylvania at 1.43%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Maryland have a homestead exemption?
Maryland's Homestead Tax Credit caps annual assessment increases at 10% for primary residences. Transfer tax is 1% of sale price (split between buyer and seller).
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Maryland mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,975, Property Tax $306, Homeowners Insurance $170. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.