The typical owner-occupied home in Midlothian is worth about $199,200, 53% below the Maryland median of $419,900 and 40% below the national median of $332,700. Owners pay a median $2,492 a year in property taxes, about 1.25% of their home's value, higher than the Maryland rate of 0.97%. 89% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Midlothian at a glance
| Midlothian | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $199,200 | $419,900 | $332,700 |
| Median property tax paid per year | $2,492 | $4,093 | $3,119 |
| Property tax as a share of value | 1.25% | 0.97% | 0.94% |
| Median household income | – | $103,678 | $80,734 |
| Homes lived in by their owners | 89% | 68% | 65% |
| Owner homes with a mortgage | 30% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $2,250 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 20.5% | 21.0% |
| Median rent | $775 | $1,705 | $1,413 |
| Rent as a share of renters' income | 32.5% | 30.8% | 30.6% |
| Median year homes were built | 1975 | 1979 | 1980 |
| Vacant homes | 0.0% | 7.7% | 10.1% |
| Population | 377 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Midlothian
At this week's average 30-year rate of 7.11%, buying the median Midlothian home of $199,200 with 20% down costs about $1,363 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,694, 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 $58,394 for the 20%-down payment.
The median rent here is $775 a month, so owning the median home costs about $588 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $39,840 |
|---|---|
| Loan amount | $159,360 |
| Principal and interest | $1,072 |
| Property taxes (1.25% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| PMI | $0 |
| Total per month | $1,363 |
Change the numbers in the calculator
| Down payment | $6,972 |
|---|---|
| Loan amount | $195,592 |
| Principal and interest | $1,316 |
| Property taxes (1.25% a year) | $208 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| FHA mortgage insurance | $88 |
| Total per month | $1,694 |
Change the numbers in the calculator
Questions about home buying in Midlothian
What is the median home value in Midlothian?
About $199,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Midlothian?
Homeowners pay a median $2,492 a year, which is about 1.25% 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 Midlothian?
For the median home with 20% down at 7.11%, the payment is about $1,363 a month. Keeping that under 28% of gross income takes about $58,394 a year.
More about Midlothian
- Mortgage Refinance in Midlothian
- Debt Relief in Midlothian
- Home Equity Loans in Midlothian
- 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