Maryland Mortgage Rates & Home Prices (2026)
Median price: $420,000 · Avg. rate: 6.82%
Maryland Market Overview
$420,000
Median Home Price
6.82%
Avg. 30-Yr Rate
1.09%
Property Tax Rate
67.7%
Homeownership Rate
Maryland's proximity to Washington DC drives housing costs in the central corridor. The SmartBuy program uniquely helps buyers with student loan debt by providing up to $30,000 for loan payoff. Montgomery and Howard counties have the highest median prices.
Estimated Monthly Payment
Median home in Maryland (20% down, 30-yr fixed)
$2,751/mo
Principal & Interest$2,195
Property Taxes$382
Home Insurance (est.)$175
Total Monthly (PITI)$2,751
Based on a $420,000 home with 20% down ($336,000 loan) at 6.82%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Maryland
- Maryland Mortgage Program
- SmartBuy 3.0
- 1st Time Advantage DPA
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: MD Rates
30-Year Fixed6.82%
15-Year Fixed6.04%
5/1 ARM (est.)6.07%
FHA 30-Year6.67%
VA 30-Year6.57%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: MD
FHA Loan Limit$726,200
Median Income$94,991
Cost Index1.15x