The typical owner-occupied home in North East is worth about $292,300, 30% below the Maryland median of $419,900 and 12% below the national median of $332,700. Owners pay a median $2,951 a year in property taxes, about 1.01% of their home's value, close to the Maryland rate of 0.97%. The median household earns $91,603 a year, so the median home costs 3.2 times the median income (4.1 times for Maryland). 62% of occupied homes here are lived in by their owners, and 86% of those owners still have a mortgage.
North East at a glance
| North East | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $292,300 | $419,900 | $332,700 |
| Median property tax paid per year | $2,951 | $4,093 | $3,119 |
| Property tax as a share of value | 1.01% | 0.97% | 0.94% |
| Median household income | $91,603 | $103,678 | $80,734 |
| Homes lived in by their owners | 62% | 68% | 65% |
| Owner homes with a mortgage | 86% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,693 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 17.4% | 20.5% | 21.0% |
| Median rent | $1,329 | $1,705 | $1,413 |
| Rent as a share of renters' income | 32.6% | 30.8% | 30.6% |
| Median year homes were built | 2002 | 1979 | 1980 |
| Vacant homes | 9.0% | 7.7% | 10.1% |
| Population | 4,134 | 6,206,011 | 334,922,499 |
What a typical home costs per month in North East
At this week's average 30-year rate of 7.11%, buying the median North East home of $292,300 with 20% down costs about $1,941 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,428, 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 $83,180 for the 20%-down payment. That payment is 25% of the median North East household income of $91,603; at that income and 20% down, the 28% guideline points to a home of about $322,000.
The median rent here is $1,329 a month, so owning the median home costs about $612 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $58,460 |
|---|---|
| Loan amount | $233,840 |
| Principal and interest | $1,573 |
| Property taxes (1.01% a year) | $246 |
| Homeowners insurance (our estimate, 0.5% a year) | $122 |
| PMI | $0 |
| Total per month | $1,941 |
Change the numbers in the calculator
| Down payment | $10,230 |
|---|---|
| Loan amount | $287,006 |
| Principal and interest | $1,931 |
| Property taxes (1.01% a year) | $246 |
| Homeowners insurance (our estimate, 0.5% a year) | $122 |
| FHA mortgage insurance | $129 |
| Total per month | $2,428 |
Change the numbers in the calculator
Questions about home buying in North East
What is the median home value in North East?
About $292,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in North East?
Homeowners pay a median $2,951 a year, which is about 1.01% 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 North East?
For the median home with 20% down at 7.11%, the payment is about $1,941 a month. Keeping that under 28% of gross income takes about $83,180 a year.
More about North East
- Mortgage Refinance in North East
- Debt Relief in North East
- Home Equity Loans in North East
- 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