The typical owner-occupied home in Crofton is worth about $519,900, 24% above the Maryland median of $419,900 and 56% above the national median of $332,700. Owners pay a median $4,157 a year in property taxes, about 0.80% of their home's value, lower than the Maryland rate of 0.97%. The median household earns $150,577 a year, so the median home costs 3.5 times the median income (4.1 times for Maryland). 82% of occupied homes here are lived in by their owners, and 81% of those owners still have a mortgage.
Crofton at a glance
| Crofton | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $519,900 | $419,900 | $332,700 |
| Median property tax paid per year | $4,157 | $4,093 | $3,119 |
| Property tax as a share of value | 0.80% | 0.97% | 0.94% |
| Median household income | $150,577 | $103,678 | $80,734 |
| Homes lived in by their owners | 82% | 68% | 65% |
| Owner homes with a mortgage | 81% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $2,489 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 20.5% | 21.0% |
| Median rent | $2,217 | $1,705 | $1,413 |
| Rent as a share of renters' income | 26.6% | 30.8% | 30.6% |
| Median year homes were built | 1988 | 1979 | 1980 |
| Vacant homes | 3.0% | 7.7% | 10.1% |
| Population | 29,549 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Crofton
At this week's average 30-year rate of 7.11%, buying the median Crofton home of $519,900 with 20% down costs about $3,361 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,227, 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 $144,049 for the 20%-down payment. That payment is 27% of the median Crofton household income of $150,577; at that income and 20% down, the 28% guideline points to a home of about $543,000.
The median rent here is $2,217 a month, so owning the median home costs about $1,144 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $103,980 |
|---|---|
| Loan amount | $415,920 |
| Principal and interest | $2,798 |
| Property taxes (0.80% a year) | $347 |
| Homeowners insurance (our estimate, 0.5% a year) | $217 |
| PMI | $0 |
| Total per month | $3,361 |
Change the numbers in the calculator
| Down payment | $18,196 |
|---|---|
| Loan amount | $510,483 |
| Principal and interest | $3,434 |
| Property taxes (0.80% a year) | $347 |
| Homeowners insurance (our estimate, 0.5% a year) | $217 |
| FHA mortgage insurance | $230 |
| Total per month | $4,227 |
Change the numbers in the calculator
Questions about home buying in Crofton
What is the median home value in Crofton?
About $519,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Crofton?
Homeowners pay a median $4,157 a year, which is about 0.80% 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 Crofton?
For the median home with 20% down at 7.11%, the payment is about $3,361 a month. Keeping that under 28% of gross income takes about $144,049 a year.
More about Crofton
- Mortgage Refinance in Crofton
- Debt Relief in Crofton
- Home Equity Loans in Crofton
- 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