The typical owner-occupied home in Havre De Grace is worth about $392,900, 6% below the Maryland median of $419,900 and 18% above the national median of $332,700. Owners pay a median $3,873 a year in property taxes, about 0.99% of their home's value, close to the Maryland rate of 0.97%. The median household earns $105,817 a year, so the median home costs 3.7 times the median income (4.1 times for Maryland). 72% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Havre De Grace at a glance
| Havre De Grace | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $392,900 | $419,900 | $332,700 |
| Median property tax paid per year | $3,873 | $4,093 | $3,119 |
| Property tax as a share of value | 0.99% | 0.97% | 0.94% |
| Median household income | $105,817 | $103,678 | $80,734 |
| Homes lived in by their owners | 72% | 68% | 65% |
| Owner homes with a mortgage | 70% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $2,295 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 20.5% | 21.0% |
| Median rent | $1,416 | $1,705 | $1,413 |
| Rent as a share of renters' income | 29.9% | 30.8% | 30.6% |
| Median year homes were built | 1992 | 1979 | 1980 |
| Vacant homes | 3.5% | 7.7% | 10.1% |
| Population | 14,994 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Havre De Grace
At this week's average 30-year rate of 7.11%, buying the median Havre De Grace home of $392,900 with 20% down costs about $2,602 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,257, 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 $111,527 for the 20%-down payment. That payment is 30% of the median Havre De Grace household income of $105,817; at that income and 20% down, the 28% guideline points to a home of about $373,000.
The median rent here is $1,416 a month, so owning the median home costs about $1,186 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $78,580 |
|---|---|
| Loan amount | $314,320 |
| Principal and interest | $2,114 |
| Property taxes (0.99% a year) | $324 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| PMI | $0 |
| Total per month | $2,602 |
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| Down payment | $13,752 |
|---|---|
| Loan amount | $385,784 |
| Principal and interest | $2,595 |
| Property taxes (0.99% a year) | $324 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| FHA mortgage insurance | $174 |
| Total per month | $3,257 |
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Questions about home buying in Havre De Grace
What is the median home value in Havre De Grace?
About $392,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Havre De Grace?
Homeowners pay a median $3,873 a year, which is about 0.99% 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 Havre De Grace?
For the median home with 20% down at 7.11%, the payment is about $2,602 a month. Keeping that under 28% of gross income takes about $111,527 a year.
More about Havre De Grace
- Mortgage Refinance in Havre De Grace
- Debt Relief in Havre De Grace
- Home Equity Loans in Havre De Grace
- 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