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Maryland wraps the Chesapeake Bay and the DC suburbs. The statewide median home price is about $420,000 in 2026, with sharp premiums in Montgomery and Howard counties. Effective property taxes average near 1.09% — about $4,580 per year on a typical $420,000 home. State housing programs bundle competitive rates with down payment help for qualified buyers.
Current Rates (Freddie Mac PMMS)
30-Year Fixed: 15-Year Fixed: Rates verified Oct 21, 2026
Adjust values — results update instantly.
State: Maryland (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — Baltimore vs suburban rates differ. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$2,678
| Location | Median price | Notes |
|---|---|---|
| Maryland (state) | ~$420,000 | Illustrative median |
| Montgomery / Howard | $550,000+ | DC suburbs |
| Baltimore metro | ~$300,000–$400,000 | City vs county split |
| Annapolis area | ~$450,000+ | Capital / waterfront |
| Eastern Shore | Wide range | Seasonal markets |
| Cost | Rate/amount | Notes |
|---|---|---|
| Property tax rate | ~1.09% effective | Varies by county |
| Annual tax ($420k home) | ~$4,580 | ~$382/month |
| Conforming loan limit | $832,750+ | DC metro counties higher |
| Transfer / recordation | Varies | Budget closing costs |
| Home insurance | ~$1,200–$1,800/year | Coastal / flood zones extra |
MMP partners with lenders to offer below-market or market-rate first mortgages plus down payment and closing assistance. SmartBuy and other initiatives target student debt. FHA and VA loans remain common; high-balance conforming limits help expensive counties without jumping straight to jumbo pricing.
Maryland’s median home value is approximately $420,000 in 2026. Montgomery County and Howard County near DC often exceed $550,000–$700,000. Baltimore City and parts of the Eastern Shore can offer lower entry prices, while Annapolis and the western suburbs track the statewide median or higher.
Maryland’s effective property tax rate is about 1.09% of home value. On a $420,000 home, annual property taxes are roughly $4,580 (~$382/month in escrow). Baltimore City and some counties layer additional fees or higher rates — check local assessments.
Maryland Department of Housing and Community Development offers the Maryland Mortgage Program (MMP) with 30-year fixed loans, down payment assistance, and specialty products for teachers, nurses, veterans, and first-time buyers. Income and purchase-price caps vary by county.
DMV buyers often compare Maryland, Virginia, and DC. Maryland property taxes are moderate versus New Jersey or Texas, but home prices near DC are high. Virginia’s effective property tax rate is lower (~0.82%), so the same-priced home can have a lower escrow bill in VA — run scenarios in each state calculator with your actual price and tax quote.
Educational estimates only. Not a mortgage offer or tax advice.