The typical owner-occupied home in Tall Timbers is worth about $732,600, 74% above the Maryland median of $419,900 and 2.2 times the national median of $332,700. Owners pay a median $5,625 a year in property taxes, about 0.77% of their home's value, lower than the Maryland rate of 0.97%. The median household earns $195,982 a year, so the median home costs 3.7 times the median income (4.1 times for Maryland). 100% of occupied homes here are lived in by their owners, and 75% of those owners still have a mortgage.
Tall Timbers at a glance
| Tall Timbers | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $732,600 | $419,900 | $332,700 |
| Median property tax paid per year | $5,625 | $4,093 | $3,119 |
| Property tax as a share of value | 0.77% | 0.97% | 0.94% |
| Median household income | $195,982 | $103,678 | $80,734 |
| Homes lived in by their owners | 100% | 68% | 65% |
| Owner homes with a mortgage | 75% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $2,788 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 14.7% | 20.5% | 21.0% |
| Median rent | – | $1,705 | $1,413 |
| Median year homes were built | 1958 | 1979 | 1980 |
| Vacant homes | 55.8% | 7.7% | 10.1% |
| Population | 391 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Tall Timbers
At this week's average 30-year rate of 7.11%, buying the median Tall Timbers home of $732,600 with 20% down costs about $4,718 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,938, 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 $202,197 for the 20%-down payment. That payment is 29% of the median Tall Timbers household income of $195,982; at that income and 20% down, the 28% guideline points to a home of about $710,000.
| Down payment | $146,520 |
|---|---|
| Loan amount | $586,080 |
| Principal and interest | $3,943 |
| Property taxes (0.77% a year) | $470 |
| Homeowners insurance (our estimate, 0.5% a year) | $305 |
| PMI | $0 |
| Total per month | $4,718 |
Change the numbers in the calculator
| Down payment | $25,641 |
|---|---|
| Loan amount | $719,331 |
| Principal and interest | $4,839 |
| Property taxes (0.77% a year) | $470 |
| Homeowners insurance (our estimate, 0.5% a year) | $305 |
| FHA mortgage insurance | $324 |
| Total per month | $5,938 |
Change the numbers in the calculator
Questions about home buying in Tall Timbers
What is the median home value in Tall Timbers?
About $732,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Tall Timbers?
Homeowners pay a median $5,625 a year, which is about 0.77% 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 Tall Timbers?
For the median home with 20% down at 7.11%, the payment is about $4,718 a month. Keeping that under 28% of gross income takes about $202,197 a year.
More about Tall Timbers
- Mortgage Refinance in Tall Timbers
- Debt Relief in Tall Timbers
- Home Equity Loans in Tall Timbers
- 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