Cost of Ownership · Maryland
The true cost of owning a home in Maryland
For a median $397,700 home in Maryland, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$2,843/mo
PITI + PMI
True monthly cost
$3,175/mo
everything, incl. upkeep
The gap
+$331/mo
what approval leaves out
Effective property-tax rate
1.00%
Avg. homeowners premium
$1,392/yr
NFIP flood claims on record
25,355
These figures use Maryland’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Maryland ranks on property tax and insurance, or browse every state.