The typical owner-occupied home in Prince George's County is worth about $426,000, about the same as the Maryland median of $419,900 and 28% above the national median of $332,700. Owners pay a median $4,771 a year in property taxes, about 1.12% of their home's value, higher than the Maryland rate of 0.97%. The median household earns $101,798 a year, so the median home costs 4.2 times the median income (4.1 times for Maryland). 62% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Prince George's County at a glance
| Prince George's County | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $426,000 | $419,900 | $332,700 |
| Median property tax paid per year | $4,771 | $4,093 | $3,119 |
| Property tax as a share of value | 1.12% | 0.97% | 0.94% |
| Median household income | $101,798 | $103,678 | $80,734 |
| Homes lived in by their owners | 62% | 68% | 65% |
| Owner homes with a mortgage | 78% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $2,456 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 22.8% | 20.5% | 21.0% |
| Median rent | $1,799 | $1,705 | $1,413 |
| Rent as a share of renters' income | 31.6% | 30.8% | 30.6% |
| Median year homes were built | 1977 | 1979 | 1980 |
| Vacant homes | 4.9% | 7.7% | 10.1% |
| Population | 959,754 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Prince George's County
At this week's average 30-year rate of 7.11%, buying the median Prince George's County home of $426,000 with 20% down costs about $2,868 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,577, 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 $122,901 for the 20%-down payment. That payment is 34% of the median Prince George's County household income of $101,798; at that income and 20% down, the 28% guideline points to a home of about $353,000.
The median rent here is $1,799 a month, so owning the median home costs about $1,069 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $85,200 |
|---|---|
| Loan amount | $340,800 |
| Principal and interest | $2,293 |
| Property taxes (1.12% a year) | $398 |
| Homeowners insurance (our estimate, 0.5% a year) | $178 |
| PMI | $0 |
| Total per month | $2,868 |
Change the numbers in the calculator
| Down payment | $14,910 |
|---|---|
| Loan amount | $418,284 |
| Principal and interest | $2,814 |
| Property taxes (1.12% a year) | $398 |
| Homeowners insurance (our estimate, 0.5% a year) | $178 |
| FHA mortgage insurance | $188 |
| Total per month | $3,577 |
Change the numbers in the calculator
Questions about home buying in Prince George's County
What is the median home value in Prince George's County?
About $426,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Prince George's County?
Homeowners pay a median $4,771 a year, which is about 1.12% 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 Prince George's County?
For the median home with 20% down at 7.11%, the payment is about $2,868 a month. Keeping that under 28% of gross income takes about $122,901 a year.
More about Prince George's County
- Mortgage Refinance in Prince George's County
- Debt Relief in Prince George's County
- Home Equity Loans in Prince George's County
- 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