Tilghman Island First-Time Homebuyer Report for January

The population of Tilghman Island is much less affluent than average compared to others in Maryland with a median income of $40,349 per household. It's also considered an average city in terms of affordability with a cost of living adjustment score of 115.1. Tilghman Island is made up of homes that are considered older than most with a median of 51 years. The best school in the city is Tilghman Elementary School.

Price Range

Homes in Tilghman Island are worth a median of $211,600, similar to other parts of Maryland. Additionally, the list prices of available homes is currently at an average of $537,216. The Tilghman Island market made strides in this week's report, as the number of home sales rose 33.3%, pushing the total to four homes sold over the last 30 days.

Curious as to which homes have been getting the most attention in Tilghman Island? These listings have stirred up interest and produced the most views:

$1.4M   $795K   $299K  

Typical Dwelling

A three-bedroom detached home valued around $516,211 is considered a typical dwelling in Tilghman Island. If a buyer was looking for a similar home, they would need good credit and a $103,242 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,921 and the property tax rate is $6.20 per $1,000 of taxable assessed value.

Get started right now by checking out Tilghman Island homes for sale or reviewing Tilghman Island real estate trends.


Data reported through 1/12/2017

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Ask a local expert about this area:
Coldwell Banker Chesapeake Real Estate Co, LLC
Snapped 1 home in this area

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