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Buying a home in Corriganville, Maryland

The typical owner-occupied home in Corriganville is worth about $144,200, 66% below the Maryland median of $419,900 and 57% below the national median of $332,700. Owners pay a median $1,011 a year in property taxes, about 0.70% of their home's value, lower than the Maryland rate of 0.97%. The median household earns $76,023 a year, so the median home costs 1.9 times the median income (4.1 times for Maryland). 74% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.

Corriganville at a glance

Corriganville Maryland U.S.
Median home value $144,200 $419,900 $332,700
Median property tax paid per year $1,011 $4,093 $3,119
Property tax as a share of value 0.70% 0.97% 0.94%
Median household income $76,023 $103,678 $80,734
Homes lived in by their owners 74% 68% 65%
Owner homes with a mortgage 63% 71% 61%
Median monthly costs, owners with a mortgage $1,108 $2,347 $1,963
Those costs as a share of the owners' income 18.1% 20.5% 21.0%
Median rent – $1,705 $1,413
Median year homes were built 1974 1979 1980
Vacant homes 0.0% 7.7% 10.1%
Population 622 6,206,011 334,922,499

What a typical home costs per month in Corriganville

At this week's average 30-year rate of 7.11%, buying the median Corriganville home of $144,200 with 20% down costs about $920 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,160, because the loan is bigger and FHA adds mortgage insurance.

Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $39,438 for the 20%-down payment. That payment is 15% of the median Corriganville household income of $76,023; at that income and 20% down, the 28% guideline points to a home of about $278,000.

20% down, 30-year conventional loan
Down payment$28,840
Loan amount$115,360
Principal and interest$776
Property taxes (0.70% a year)$84
Homeowners insurance (our estimate, 0.5% a year)$60
PMI$0
Total per month$920

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3.5% down, 30-year FHA loan
Down payment$5,047
Loan amount$141,588
Principal and interest$952
Property taxes (0.70% a year)$84
Homeowners insurance (our estimate, 0.5% a year)$60
FHA mortgage insurance$64
Total per month$1,160

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Questions about home buying in Corriganville

What is the median home value in Corriganville?

About $144,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

How much are property taxes in Corriganville?

Homeowners pay a median $1,011 a year, which is about 0.70% of the median home value. Your bill depends on your home's assessed value and local rates.

What income do you need to buy a home in Corriganville?

For the median home with 20% down at 7.11%, the payment is about $920 a month. Keeping that under 28% of gross income takes about $39,438 a year.

More about Corriganville

Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data