The typical owner-occupied home in Piney Point is worth about $336,600, 20% below the Maryland median of $419,900 and about the same as the national median of $332,700. Owners pay a median $3,419 a year in property taxes, about 1.02% of their home's value, close to the Maryland rate of 0.97%. The median household earns $129,018 a year, so the median home costs 2.6 times the median income (4.1 times for Maryland). 70% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Piney Point at a glance
| Piney Point | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $336,600 | $419,900 | $332,700 |
| Median property tax paid per year | $3,419 | $4,093 | $3,119 |
| Property tax as a share of value | 1.02% | 0.97% | 0.94% |
| Median household income | $129,018 | $103,678 | $80,734 |
| Homes lived in by their owners | 70% | 68% | 65% |
| Owner homes with a mortgage | 69% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,923 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 20.5% | 21.0% |
| Median rent | $1,442 | $1,705 | $1,413 |
| Rent as a share of renters' income | 18.4% | 30.8% | 30.6% |
| Median year homes were built | 1990 | 1979 | 1980 |
| Vacant homes | 10.2% | 7.7% | 10.1% |
| Population | 1,274 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Piney Point
At this week's average 30-year rate of 7.11%, buying the median Piney Point home of $336,600 with 20% down costs about $2,238 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,799, 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 $95,907 for the 20%-down payment. That payment is 21% of the median Piney Point household income of $129,018; at that income and 20% down, the 28% guideline points to a home of about $453,000.
The median rent here is $1,442 a month, so owning the median home costs about $796 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $67,320 |
|---|---|
| Loan amount | $269,280 |
| Principal and interest | $1,811 |
| Property taxes (1.02% a year) | $286 |
| Homeowners insurance (our estimate, 0.5% a year) | $140 |
| PMI | $0 |
| Total per month | $2,238 |
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| Down payment | $11,781 |
|---|---|
| Loan amount | $330,503 |
| Principal and interest | $2,223 |
| Property taxes (1.02% a year) | $286 |
| Homeowners insurance (our estimate, 0.5% a year) | $140 |
| FHA mortgage insurance | $149 |
| Total per month | $2,799 |
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Questions about home buying in Piney Point
What is the median home value in Piney Point?
About $336,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Piney Point?
Homeowners pay a median $3,419 a year, which is about 1.02% 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 Piney Point?
For the median home with 20% down at 7.11%, the payment is about $2,238 a month. Keeping that under 28% of gross income takes about $95,907 a year.
More about Piney Point
- Mortgage Refinance in Piney Point
- Debt Relief in Piney Point
- Home Equity Loans in Piney Point
- 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