The typical owner-occupied home in Smithsburg is worth about $337,500, 20% below the Maryland median of $419,900 and about the same as the national median of $332,700. Owners pay a median $2,728 a year in property taxes, about 0.81% of their home's value, lower than the Maryland rate of 0.97%. The median household earns $100,673 a year, so the median home costs 3.4 times the median income (4.1 times for Maryland). 69% of occupied homes here are lived in by their owners, and 83% of those owners still have a mortgage.
Smithsburg at a glance
| Smithsburg | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $337,500 | $419,900 | $332,700 |
| Median property tax paid per year | $2,728 | $4,093 | $3,119 |
| Property tax as a share of value | 0.81% | 0.97% | 0.94% |
| Median household income | $100,673 | $103,678 | $80,734 |
| Homes lived in by their owners | 69% | 68% | 65% |
| Owner homes with a mortgage | 83% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,870 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 20.5% | 21.0% |
| Median rent | $931 | $1,705 | $1,413 |
| Rent as a share of renters' income | 24.9% | 30.8% | 30.6% |
| Median year homes were built | 1993 | 1979 | 1980 |
| Vacant homes | 5.6% | 7.7% | 10.1% |
| Population | 3,115 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Smithsburg
At this week's average 30-year rate of 7.11%, buying the median Smithsburg home of $337,500 with 20% down costs about $2,185 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,747, 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 $93,632 for the 20%-down payment. That payment is 26% of the median Smithsburg household income of $100,673; at that income and 20% down, the 28% guideline points to a home of about $363,000.
The median rent here is $931 a month, so owning the median home costs about $1,254 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $67,500 |
|---|---|
| Loan amount | $270,000 |
| Principal and interest | $1,816 |
| Property taxes (0.81% a year) | $228 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| PMI | $0 |
| Total per month | $2,185 |
Change the numbers in the calculator
| Down payment | $11,812 |
|---|---|
| Loan amount | $331,387 |
| Principal and interest | $2,229 |
| Property taxes (0.81% a year) | $228 |
| Homeowners insurance (our estimate, 0.5% a year) | $141 |
| FHA mortgage insurance | $149 |
| Total per month | $2,747 |
Change the numbers in the calculator
Questions about home buying in Smithsburg
What is the median home value in Smithsburg?
About $337,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Smithsburg?
Homeowners pay a median $2,728 a year, which is about 0.81% 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 Smithsburg?
For the median home with 20% down at 7.11%, the payment is about $2,185 a month. Keeping that under 28% of gross income takes about $93,632 a year.
More about Smithsburg
- Mortgage Refinance in Smithsburg
- Debt Relief in Smithsburg
- Home Equity Loans in Smithsburg
- 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