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Maryland home affordability calculator

The median Maryland household earns about $101,000 a year, and the median home costs about $420,000 — 4.2 times income. With 10% down, no other debts, and the current 7.32% average 30-year rate (Freddie Mac, week of October 22, 2026), standard lending ratios support a home of about $311,605 , roughly $108,395 short of the median. The calculator is pre-filled with those figures — replace them with yours.

$311,605 max home price

Max loan amount
$269,605
Housing payment budget
$2,352
P&I budget
$1,852
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

How it works

Lenders cap the full housing payment — principal, interest, property tax, insurance — near 28% of gross monthly income, and all debt payments near 36%. In Maryland, property tax at about 1.05% of value plus roughly $1,500 a year of homeowners insurance come to about $493 a month on the median home, and that comes out of the 28% budget before anything goes to the loan. On the median income the housing budget is about $2,352 a month, leaving $1,852 for principal and interest.

Homes in Maryland spend about 30 days on the market on average. Maryland's property tax rate is near the national average, but a state transfer and recordation tax adds to closing costs, and the state gives no trade-in credit on vehicle sales tax.

Frequently asked questions

How much house can I afford in Maryland on the median income?
On Maryland's median household income of about $101,000, with no other debts, 10% down, and a 7.32% 30-year rate, the 28% housing guideline supports a home of roughly $311,605. That's about $108,395 below the $420,000 median home price.
What income do I need to buy a median-priced home in Maryland?
Maryland's median home costs about $420,000 — 4.2 times the median household income. Lenders' 28% front-end rule means the full payment, including about $493 a month in property tax and insurance, needs to fit inside 28% of gross monthly income. Try the calculator with your own income and down payment.
How much do property tax and insurance add in Maryland?
On the median home, Maryland's 1.05% effective property tax rate and about $1,500 a year in homeowners insurance come to roughly $493 a month — money that comes out of the housing budget before any goes to principal and interest.
Does Maryland's income tax affect how much house I can afford?
Not in the lender's math, which uses gross income. It does affect what's comfortable: Maryland's income tax tops out at 6.50%, so take-home pay is smaller than gross by more than federal tax alone.

Learn more: How much house can I afford?

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