What is the average mortgage rate in Maryland in 2026?
Around 7.46% as of October 19, 2026, in line with national average.
Best Mortgage Rates Maryland 2026
Maryland has a strong housing market with a median home price of $423,956 in 2026. The state charges a 0.50% real estate transfer tax at closing, which adds to upfront costs for buyers.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages from the site data file, not live quotes from lenders. Confirm pricing with banks and brokers in Maryland. Not financial advice.
Maryland at a glance
- Average home price: $423,956
- State income tax: Yes (5.75% top rate)
- Land transfer tax: Yes (0.50% state transfer tax; first-time buyers may qualify for 0.25%)
- Typical monthly payment: $2,362/mo on $423,956 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does Maryland have a real estate transfer tax?
Yes — 0.50% state transfer tax; first-time homebuyers may qualify for a reduced rate of 0.25%.
What is the median home price in Maryland in 2026?
$423,956 — above the national median, reflecting proximity to Washington D.C.
How much do I need to earn to afford a home in Maryland?
To afford $423,956 with 20% down at 7.46%, you need approximately $100,000–$105,000 annual income.
Maryland mortgage calculator · Educational reference only. Not financial or lending advice.