The typical owner-occupied home in Pomfret is worth about $406,900, 3% below the Maryland median of $419,900 and 22% above the national median of $332,700. Owners pay a median $2,803 a year in property taxes, about 0.69% of their home's value, lower than the Maryland rate of 0.97%. The median household earns $118,914 a year, so the median home costs 3.4 times the median income (4.1 times for Maryland). 93% of occupied homes here are lived in by their owners, and 91% of those owners still have a mortgage.
Pomfret at a glance
| Pomfret | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $406,900 | $419,900 | $332,700 |
| Median property tax paid per year | $2,803 | $4,093 | $3,119 |
| Property tax as a share of value | 0.69% | 0.97% | 0.94% |
| Median household income | $118,914 | $103,678 | $80,734 |
| Homes lived in by their owners | 93% | 68% | 65% |
| Owner homes with a mortgage | 91% | 71% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 13.6% | 20.5% | 21.0% |
| Median rent | – | $1,705 | $1,413 |
| Median year homes were built | 1969 | 1979 | 1980 |
| Vacant homes | 0.0% | 7.7% | 10.1% |
| Population | 747 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Pomfret
At this week's average 30-year rate of 7.11%, buying the median Pomfret home of $406,900 with 20% down costs about $2,593 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,271, 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 $111,141 for the 20%-down payment. That payment is 26% of the median Pomfret household income of $118,914; at that income and 20% down, the 28% guideline points to a home of about $435,000.
| Down payment | $81,380 |
|---|---|
| Loan amount | $325,520 |
| Principal and interest | $2,190 |
| Property taxes (0.69% a year) | $234 |
| Homeowners insurance (our estimate, 0.5% a year) | $170 |
| PMI | $0 |
| Total per month | $2,593 |
Change the numbers in the calculator
| Down payment | $14,242 |
|---|---|
| Loan amount | $399,530 |
| Principal and interest | $2,688 |
| Property taxes (0.69% a year) | $234 |
| Homeowners insurance (our estimate, 0.5% a year) | $170 |
| FHA mortgage insurance | $180 |
| Total per month | $3,271 |
Change the numbers in the calculator
Questions about home buying in Pomfret
What is the median home value in Pomfret?
About $406,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pomfret?
Homeowners pay a median $2,803 a year, which is about 0.69% 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 Pomfret?
For the median home with 20% down at 7.11%, the payment is about $2,593 a month. Keeping that under 28% of gross income takes about $111,141 a year.
More about Pomfret
- Mortgage Refinance in Pomfret
- Debt Relief in Pomfret
- Home Equity Loans in Pomfret
- 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