The typical owner-occupied home in Ellerslie is worth about $163,300, 61% below the Maryland median of $419,900 and 51% below the national median of $332,700. Owners pay a median $1,569 a year in property taxes, about 0.96% of their home's value, close to the Maryland rate of 0.97%. The median household earns $37,240 a year, so the median home costs 4.4 times the median income (4.1 times for Maryland). 70% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Ellerslie at a glance
| Ellerslie | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $163,300 | $419,900 | $332,700 |
| Median property tax paid per year | $1,569 | $4,093 | $3,119 |
| Property tax as a share of value | 0.96% | 0.97% | 0.94% |
| Median household income | $37,240 | $103,678 | $80,734 |
| Homes lived in by their owners | 70% | 68% | 65% |
| Owner homes with a mortgage | 63% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,381 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 27.7% | 20.5% | 21.0% |
| Median rent | $830 | $1,705 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.8% | 30.6% |
| Median year homes were built | 1962 | 1979 | 1980 |
| Vacant homes | 8.5% | 7.7% | 10.1% |
| Population | 514 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Ellerslie
At this week's average 30-year rate of 7.11%, buying the median Ellerslie home of $163,300 with 20% down costs about $1,078 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,350, 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 $46,179 for the 20%-down payment. That payment is 35% of the median Ellerslie household income of $37,240; at that income and 20% down, the 28% guideline points to a home of about $132,000.
The median rent here is $830 a month, so owning the median home costs about $248 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,660 |
|---|---|
| Loan amount | $130,640 |
| Principal and interest | $879 |
| Property taxes (0.96% a year) | $131 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $1,078 |
Change the numbers in the calculator
| Down payment | $5,716 |
|---|---|
| Loan amount | $160,342 |
| Principal and interest | $1,079 |
| Property taxes (0.96% a year) | $131 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,350 |
Change the numbers in the calculator
Questions about home buying in Ellerslie
What is the median home value in Ellerslie?
About $163,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ellerslie?
Homeowners pay a median $1,569 a year, which is about 0.96% 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 Ellerslie?
For the median home with 20% down at 7.11%, the payment is about $1,078 a month. Keeping that under 28% of gross income takes about $46,179 a year.
More about Ellerslie
- Mortgage Refinance in Ellerslie
- Debt Relief in Ellerslie
- Home Equity Loans in Ellerslie
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
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