The typical owner-occupied home in Delmar is worth about $226,500, 46% below the Maryland median of $419,900 and 32% below the national median of $332,700. Owners pay a median $2,968 a year in property taxes, about 1.31% of their home's value, higher than the Maryland rate of 0.97%. The median household earns $85,174 a year, so the median home costs 2.7 times the median income (4.1 times for Maryland). 53% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Delmar at a glance
| Delmar | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $226,500 | $419,900 | $332,700 |
| Median property tax paid per year | $2,968 | $4,093 | $3,119 |
| Property tax as a share of value | 1.31% | 0.97% | 0.94% |
| Median household income | $85,174 | $103,678 | $80,734 |
| Homes lived in by their owners | 53% | 68% | 65% |
| Owner homes with a mortgage | 71% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,647 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 20.6% | 20.5% | 21.0% |
| Median rent | $1,607 | $1,705 | $1,413 |
| Rent as a share of renters' income | 26.9% | 30.8% | 30.6% |
| Median year homes were built | 2005 | 1979 | 1980 |
| Vacant homes | 7.2% | 7.7% | 10.1% |
| Population | 4,261 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Delmar
At this week's average 30-year rate of 7.11%, buying the median Delmar home of $226,500 with 20% down costs about $1,561 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,938, 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 $66,882 for the 20%-down payment. That payment is 22% of the median Delmar household income of $85,174; at that income and 20% down, the 28% guideline points to a home of about $288,000.
The median rent here is $1,607 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $45,300 |
|---|---|
| Loan amount | $181,200 |
| Principal and interest | $1,219 |
| Property taxes (1.31% a year) | $247 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| PMI | $0 |
| Total per month | $1,561 |
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| Down payment | $7,928 |
|---|---|
| Loan amount | $222,398 |
| Principal and interest | $1,496 |
| Property taxes (1.31% a year) | $247 |
| Homeowners insurance (our estimate, 0.5% a year) | $94 |
| FHA mortgage insurance | $100 |
| Total per month | $1,938 |
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Questions about home buying in Delmar
What is the median home value in Delmar?
About $226,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Delmar?
Homeowners pay a median $2,968 a year, which is about 1.31% 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 Delmar?
For the median home with 20% down at 7.11%, the payment is about $1,561 a month. Keeping that under 28% of gross income takes about $66,882 a year.
More about Delmar
- Mortgage Refinance in Delmar
- Debt Relief in Delmar
- Home Equity Loans in Delmar
- 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