The typical owner-occupied home in Washington Grove is worth about $612,700, 46% above the Maryland median of $419,900 and 84% above the national median of $332,700. Owners pay a median $6,023 a year in property taxes, about 0.98% of their home's value, close to the Maryland rate of 0.97%. The median household earns $134,583 a year, so the median home costs 4.6 times the median income (4.1 times for Maryland). 100% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Washington Grove at a glance
| Washington Grove | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $612,700 | $419,900 | $332,700 |
| Median property tax paid per year | $6,023 | $4,093 | $3,119 |
| Property tax as a share of value | 0.98% | 0.97% | 0.94% |
| Median household income | $134,583 | $103,678 | $80,734 |
| Homes lived in by their owners | 100% | 68% | 65% |
| Owner homes with a mortgage | 54% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $2,868 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 21.5% | 20.5% | 21.0% |
| Median rent | – | $1,705 | $1,413 |
| Median year homes were built | 1952 | 1979 | 1980 |
| Vacant homes | 4.6% | 7.7% | 10.1% |
| Population | 577 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Washington Grove
At this week's average 30-year rate of 7.11%, buying the median Washington Grove home of $612,700 with 20% down costs about $4,053 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,074, 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 $173,700 for the 20%-down payment. That payment is 36% of the median Washington Grove household income of $134,583; at that income and 20% down, the 28% guideline points to a home of about $475,000.
| Down payment | $122,540 |
|---|---|
| Loan amount | $490,160 |
| Principal and interest | $3,297 |
| Property taxes (0.98% a year) | $500 |
| Homeowners insurance (our estimate, 0.5% a year) | $255 |
| PMI | $0 |
| Total per month | $4,053 |
Change the numbers in the calculator
| Down payment | $21,444 |
|---|---|
| Loan amount | $601,602 |
| Principal and interest | $4,047 |
| Property taxes (0.98% a year) | $500 |
| Homeowners insurance (our estimate, 0.5% a year) | $255 |
| FHA mortgage insurance | $271 |
| Total per month | $5,074 |
Change the numbers in the calculator
Questions about home buying in Washington Grove
What is the median home value in Washington Grove?
About $612,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Washington Grove?
Homeowners pay a median $6,023 a year, which is about 0.98% 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 Washington Grove?
For the median home with 20% down at 7.11%, the payment is about $4,053 a month. Keeping that under 28% of gross income takes about $173,700 a year.
More about Washington Grove
- Mortgage Refinance in Washington Grove
- Debt Relief in Washington Grove
- Home Equity Loans in Washington Grove
- 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