Maryland's June First-Time Homebuyer Report

Maryland is home to Montgomery County, Prince George's County, and Baltimore County. Leading the list of best schools in the state are Sunderland Elementary School, Urbana Middle School, and Atholton High School.

Price Range

Maryland has some of the more expensive homes in the country with a median home value of $237,100 and a current average list price of $291,039. The most expensive places to live are Howard County, Montgomery County, and Anne Arundel County. While home sales in the Maryland market have been above average, in this week's report they dropped 2.7% to 7,489 homes sold over the last 30 days.

Typical Dwelling

A four-bedroom detached home valued around $441,982 is considered a typical dwelling in Maryland. If a buyer was looking for a similar home, they would need good credit and a $88,396 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,473 and the property tax rate is $12.21 per $1,000 of taxable assessed value.

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


Data reported through 6/15/2017

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