The typical owner-occupied home in Charlotte Hall is worth about $367,800, 12% below the Maryland median of $419,900 and 11% above the national median of $332,700. Owners pay a median $2,711 a year in property taxes, about 0.74% of their home's value, lower than the Maryland rate of 0.97%. The median household earns $84,271 a year, so the median home costs 4.4 times the median income (4.1 times for Maryland). 59% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Charlotte Hall at a glance
| Charlotte Hall | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $367,800 | $419,900 | $332,700 |
| Median property tax paid per year | $2,711 | $4,093 | $3,119 |
| Property tax as a share of value | 0.74% | 0.97% | 0.94% |
| Median household income | $84,271 | $103,678 | $80,734 |
| Homes lived in by their owners | 59% | 68% | 65% |
| Owner homes with a mortgage | 57% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $2,426 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 20.5% | 21.0% |
| Median rent | $943 | $1,705 | $1,413 |
| Rent as a share of renters' income | 28.3% | 30.8% | 30.6% |
| Median year homes were built | 1970 | 1979 | 1980 |
| Vacant homes | 2.1% | 7.7% | 10.1% |
| Population | 1,172 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Charlotte Hall
At this week's average 30-year rate of 7.11%, buying the median Charlotte Hall home of $367,800 with 20% down costs about $2,359 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,972, 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 $101,118 for the 20%-down payment. That payment is 34% of the median Charlotte Hall household income of $84,271; at that income and 20% down, the 28% guideline points to a home of about $307,000.
The median rent here is $943 a month, so owning the median home costs about $1,416 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $73,560 |
|---|---|
| Loan amount | $294,240 |
| Principal and interest | $1,979 |
| Property taxes (0.74% a year) | $227 |
| Homeowners insurance (our estimate, 0.5% a year) | $153 |
| PMI | $0 |
| Total per month | $2,359 |
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| Down payment | $12,873 |
|---|---|
| Loan amount | $361,138 |
| Principal and interest | $2,429 |
| Property taxes (0.74% a year) | $227 |
| Homeowners insurance (our estimate, 0.5% a year) | $153 |
| FHA mortgage insurance | $163 |
| Total per month | $2,972 |
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Questions about home buying in Charlotte Hall
What is the median home value in Charlotte Hall?
About $367,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Charlotte Hall?
Homeowners pay a median $2,711 a year, which is about 0.74% 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 Charlotte Hall?
For the median home with 20% down at 7.11%, the payment is about $2,359 a month. Keeping that under 28% of gross income takes about $101,118 a year.
More about Charlotte Hall
- Mortgage Refinance in Charlotte Hall
- Debt Relief in Charlotte Hall
- Home Equity Loans in Charlotte Hall
- 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