HomeRule

Cost of homeownership in Maryland

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$333,004
Avg property tax
$3,246
Homeownership rate
71.9%
1yr appreciation
0.6%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Montgomery County$588,900
  2. 2.Howard County$551,300
  3. 3.Anne Arundel County$432,000
  4. 4.Queen Anne's County$421,900
  5. 5.Calvert County$418,900
  6. 6.Frederick County$412,500
  7. 7.Carroll County$390,200
  8. 8.Charles County$382,800
  9. 9.Talbot County$382,000
  10. 10.Prince George's County$380,500

Most affordable counties

  1. 1.Allegany County15.1%
  2. 2.Garrett County15.4%
  3. 3.Washington County16.4%
  4. 4.St. Mary's County16.6%
  5. 5.Wicomico County16.7%
  6. 6.Harford County17.4%
  7. 7.Baltimore County17.6%
  8. 8.Somerset County17.6%
  9. 9.Howard County17.8%
  10. 10.Montgomery County17.9%
Avg electricity
19.5¢/kWh

DOE EIA residential average.

Avg annual energy cost
$2,104

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Maryland

Frequently asked questions

How much does it cost to own a home in Maryland?

Based on Census ACS, the state average home value in Maryland is $333,004, with median annual property tax around $3,246. Your actual cost depends on county and property.

What is the property tax in Maryland?

Property tax rates vary by county. Maryland's state average sits at roughly $3,246 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in Maryland?

FHFA House Price Index data shows Maryland appreciating 0.6% over the last year and 32.3% over the last five years.

Is homeownership high in Maryland?

Maryland's homeownership rate is 71.9% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.