The typical owner-occupied home in Queen Anne is worth about $822,600, 96% above the Maryland median of $419,900 and 2.5 times the national median of $332,700. Owners pay a median $8,473 a year in property taxes, about 1.03% of their home's value, higher than the Maryland rate of 0.97%. The median household earns $102,727 a year, so the median home costs 8.0 times the median income (4.1 times for Maryland). 93% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Queen Anne at a glance
| Queen Anne | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $822,600 | $419,900 | $332,700 |
| Median property tax paid per year | $8,473 | $4,093 | $3,119 |
| Property tax as a share of value | 1.03% | 0.97% | 0.94% |
| Median household income | $102,727 | $103,678 | $80,734 |
| Homes lived in by their owners | 93% | 68% | 65% |
| Owner homes with a mortgage | 70% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 33.0% | 20.5% | 21.0% |
| Median rent | – | $1,705 | $1,413 |
| Median year homes were built | 1986 | 1979 | 1980 |
| Vacant homes | 14.9% | 7.7% | 10.1% |
| Population | 1,443 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Queen Anne
At this week's average 30-year rate of 7.11%, buying the median Queen Anne home of $822,600 with 20% down costs about $5,476 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,978, 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 $234,676 for the 20%-down payment. That payment is 64% of the median Queen Anne household income of $102,727; at that income and 20% down, the 28% guideline points to a home of about $360,000.
| Down payment | $164,520 |
|---|---|
| Loan amount | $658,080 |
| Principal and interest | $4,427 |
| Property taxes (1.03% a year) | $706 |
| Homeowners insurance (our estimate, 0.5% a year) | $343 |
| PMI | $0 |
| Total per month | $5,476 |
Change the numbers in the calculator
| Down payment | $28,791 |
|---|---|
| Loan amount | $807,701 |
| Principal and interest | $5,433 |
| Property taxes (1.03% a year) | $706 |
| Homeowners insurance (our estimate, 0.5% a year) | $343 |
| FHA mortgage insurance | $496 |
| Total per month | $6,978 |
Change the numbers in the calculator
Questions about home buying in Queen Anne
What is the median home value in Queen Anne?
About $822,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Queen Anne?
Homeowners pay a median $8,473 a year, which is about 1.03% 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 Queen Anne?
For the median home with 20% down at 7.11%, the payment is about $5,476 a month. Keeping that under 28% of gross income takes about $234,676 a year.
More about Queen Anne
- Mortgage Refinance in Queen Anne
- Debt Relief in Queen Anne
- Home Equity Loans in Queen Anne
- 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