The typical owner-occupied home in Rawlings is worth about $144,500, 66% below the Maryland median of $419,900 and 57% below the national median of $332,700. Owners pay a median $1,730 a year in property taxes, about 1.20% of their home's value, higher than the Maryland rate of 0.97%. The median household earns $68,229 a year, so the median home costs 2.1 times the median income (4.1 times for Maryland). 80% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Rawlings at a glance
| Rawlings | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $144,500 | $419,900 | $332,700 |
| Median property tax paid per year | $1,730 | $4,093 | $3,119 |
| Property tax as a share of value | 1.20% | 0.97% | 0.94% |
| Median household income | $68,229 | $103,678 | $80,734 |
| Homes lived in by their owners | 80% | 68% | 65% |
| Owner homes with a mortgage | 65% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,547 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 28.4% | 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 | 476 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Rawlings
At this week's average 30-year rate of 7.11%, buying the median Rawlings home of $144,500 with 20% down costs about $982 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,223, 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 $42,101 for the 20%-down payment. That payment is 17% of the median Rawlings household income of $68,229; at that income and 20% down, the 28% guideline points to a home of about $234,000.
| Down payment | $28,900 |
|---|---|
| Loan amount | $115,600 |
| Principal and interest | $778 |
| Property taxes (1.20% a year) | $144 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| PMI | $0 |
| Total per month | $982 |
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| Down payment | $5,058 |
|---|---|
| Loan amount | $141,883 |
| Principal and interest | $954 |
| Property taxes (1.20% a year) | $144 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| FHA mortgage insurance | $64 |
| Total per month | $1,223 |
Change the numbers in the calculator
Questions about home buying in Rawlings
What is the median home value in Rawlings?
About $144,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rawlings?
Homeowners pay a median $1,730 a year, which is about 1.20% 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 Rawlings?
For the median home with 20% down at 7.11%, the payment is about $982 a month. Keeping that under 28% of gross income takes about $42,101 a year.
More about Rawlings
- Mortgage Refinance in Rawlings
- Debt Relief in Rawlings
- Home Equity Loans in Rawlings
- 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