Free mortgage affordability calculator tailored for Maryland (MD). Calculate instantly with state-specific rates and rules.
The median home value in Maryland is $380,000. D.C. suburbs have remained among the most resilient housing markets nationally, with steady demand from federal government workers. Baltimore city is significantly more affordable.
The conforming loan limit in Maryland is $1,089,300. Montgomery and Howard counties qualify for the maximum high-cost conforming limit. Other Maryland counties are at $726,200. Loans above this threshold are considered jumbo loans and typically carry stricter qualification requirements and slightly higher rates.
Beyond your mortgage payment, budget for Maryland's property taxes: the effective rate is 1.09%, meaning a home at the median value generates about $3,633/year in taxes. This is a real cost that lenders include in your debt-to-income (DTI) calculation.
Buyers typically pay around $5,400 in closing costs in Maryland. Maryland has some of the highest closing costs in the US. Transfer taxes are 0.5% at the state level plus local taxes (1.5% in Baltimore City). The state also imposes recordation taxes. Factor this into your upfront cash requirement alongside your down payment.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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