The typical owner-occupied home in Galesville is worth about $752,200, 79% above the Maryland median of $419,900 and 2.3 times the national median of $332,700. Owners pay a median $8,136 a year in property taxes, about 1.08% of their home's value, higher than the Maryland rate of 0.97%. The median household earns $205,205 a year, so the median home costs 3.7 times the median income (4.1 times for Maryland). 96% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Galesville at a glance
| Galesville | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $752,200 | $419,900 | $332,700 |
| Median property tax paid per year | $8,136 | $4,093 | $3,119 |
| Property tax as a share of value | 1.08% | 0.97% | 0.94% |
| Median household income | $205,205 | $103,678 | $80,734 |
| Homes lived in by their owners | 96% | 68% | 65% |
| Owner homes with a mortgage | 32% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $2,160 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 14.5% | 20.5% | 21.0% |
| Median rent | – | $1,705 | $1,413 |
| Median year homes were built | 1957 | 1979 | 1980 |
| Vacant homes | 7.1% | 7.7% | 10.1% |
| Population | 1,062 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Galesville
At this week's average 30-year rate of 7.11%, buying the median Galesville home of $752,200 with 20% down costs about $5,038 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,292, 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 $215,935 for the 20%-down payment. That payment is 29% of the median Galesville household income of $205,205; at that income and 20% down, the 28% guideline points to a home of about $715,000.
| Down payment | $150,440 |
|---|---|
| Loan amount | $601,760 |
| Principal and interest | $4,048 |
| Property taxes (1.08% a year) | $677 |
| Homeowners insurance (our estimate, 0.5% a year) | $313 |
| PMI | $0 |
| Total per month | $5,038 |
Change the numbers in the calculator
| Down payment | $26,327 |
|---|---|
| Loan amount | $738,576 |
| Principal and interest | $4,968 |
| Property taxes (1.08% a year) | $677 |
| Homeowners insurance (our estimate, 0.5% a year) | $313 |
| FHA mortgage insurance | $333 |
| Total per month | $6,292 |
Change the numbers in the calculator
Questions about home buying in Galesville
What is the median home value in Galesville?
About $752,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Galesville?
Homeowners pay a median $8,136 a year, which is about 1.08% 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 Galesville?
For the median home with 20% down at 7.11%, the payment is about $5,038 a month. Keeping that under 28% of gross income takes about $215,935 a year.
More about Galesville
- Mortgage Refinance in Galesville
- Debt Relief in Galesville
- Home Equity Loans in Galesville
- 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