The typical owner-occupied home in Betterton is worth about $226,700, 46% below the Maryland median of $419,900 and 32% below the national median of $332,700. Owners pay a median $2,780 a year in property taxes, about 1.23% of their home's value, higher than the Maryland rate of 0.97%. The median household earns $86,250 a year, so the median home costs 2.6 times the median income (4.1 times for Maryland). 82% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Betterton at a glance
| Betterton | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $226,700 | $419,900 | $332,700 |
| Median property tax paid per year | $2,780 | $4,093 | $3,119 |
| Property tax as a share of value | 1.23% | 0.97% | 0.94% |
| Median household income | $86,250 | $103,678 | $80,734 |
| Homes lived in by their owners | 82% | 68% | 65% |
| Owner homes with a mortgage | 62% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,705 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 24.4% | 20.5% | 21.0% |
| Median rent | $1,143 | $1,705 | $1,413 |
| Rent as a share of renters' income | 23.3% | 30.8% | 30.6% |
| Median year homes were built | 1950 | 1979 | 1980 |
| Vacant homes | 46.3% | 7.7% | 10.1% |
| Population | 391 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Betterton
At this week's average 30-year rate of 7.11%, buying the median Betterton home of $226,700 with 20% down costs about $1,547 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,924, 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 $66,294 for the 20%-down payment. That payment is 22% of the median Betterton household income of $86,250; at that income and 20% down, the 28% guideline points to a home of about $295,000.
The median rent here is $1,143 a month, so owning the median home costs about $404 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $45,340 |
|---|---|
| Loan amount | $181,360 |
| Principal and interest | $1,220 |
| Property taxes (1.23% a year) | $232 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| PMI | $0 |
| Total per month | $1,547 |
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| Down payment | $7,934 |
|---|---|
| Loan amount | $222,594 |
| Principal and interest | $1,497 |
| Property taxes (1.23% a year) | $232 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| FHA mortgage insurance | $100 |
| Total per month | $1,924 |
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Questions about home buying in Betterton
What is the median home value in Betterton?
About $226,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Betterton?
Homeowners pay a median $2,780 a year, which is about 1.23% 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 Betterton?
For the median home with 20% down at 7.11%, the payment is about $1,547 a month. Keeping that under 28% of gross income takes about $66,294 a year.
More about Betterton
- Mortgage Refinance in Betterton
- Debt Relief in Betterton
- Home Equity Loans in Betterton
- 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