The typical owner-occupied home in Perryman is worth about $245,400, 42% below the Maryland median of $419,900 and 26% below the national median of $332,700. Owners pay a median $2,604 a year in property taxes, about 1.06% of their home's value, higher than the Maryland rate of 0.97%. The median household earns $35,392 a year, so the median home costs 6.9 times the median income (4.1 times for Maryland). 48% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Perryman at a glance
| Perryman | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $245,400 | $419,900 | $332,700 |
| Median property tax paid per year | $2,604 | $4,093 | $3,119 |
| Property tax as a share of value | 1.06% | 0.97% | 0.94% |
| Median household income | $35,392 | $103,678 | $80,734 |
| Homes lived in by their owners | 48% | 68% | 65% |
| Owner homes with a mortgage | 54% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,524 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 20.5% | 21.0% |
| Median rent | – | $1,705 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.8% | 30.6% |
| Median year homes were built | 1991 | 1979 | 1980 |
| Vacant homes | 6.9% | 7.7% | 10.1% |
| Population | 2,174 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Perryman
At this week's average 30-year rate of 7.11%, buying the median Perryman home of $245,400 with 20% down costs about $1,640 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,048, 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 $70,272 for the 20%-down payment. That payment is 56% of the median Perryman household income of $35,392; at that income and 20% down, the 28% guideline points to a home of about $124,000.
| Down payment | $49,080 |
|---|---|
| Loan amount | $196,320 |
| Principal and interest | $1,321 |
| Property taxes (1.06% a year) | $217 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| PMI | $0 |
| Total per month | $1,640 |
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| Down payment | $8,589 |
|---|---|
| Loan amount | $240,955 |
| Principal and interest | $1,621 |
| Property taxes (1.06% a year) | $217 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| FHA mortgage insurance | $109 |
| Total per month | $2,048 |
Change the numbers in the calculator
Questions about home buying in Perryman
What is the median home value in Perryman?
About $245,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Perryman?
Homeowners pay a median $2,604 a year, which is about 1.06% 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 Perryman?
For the median home with 20% down at 7.11%, the payment is about $1,640 a month. Keeping that under 28% of gross income takes about $70,272 a year.
More about Perryman
- Mortgage Refinance in Perryman
- Debt Relief in Perryman
- Home Equity Loans in Perryman
- 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