The typical owner-occupied home in Willards is worth about $216,100, 49% below the Maryland median of $419,900 and 35% below the national median of $332,700. Owners pay a median $1,894 a year in property taxes, about 0.88% of their home's value, lower than the Maryland rate of 0.97%. The median household earns $75,333 a year, so the median home costs 2.9 times the median income (4.1 times for Maryland). 76% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Willards at a glance
| Willards | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $216,100 | $419,900 | $332,700 |
| Median property tax paid per year | $1,894 | $4,093 | $3,119 |
| Property tax as a share of value | 0.88% | 0.97% | 0.94% |
| Median household income | $75,333 | $103,678 | $80,734 |
| Homes lived in by their owners | 76% | 68% | 65% |
| Owner homes with a mortgage | 65% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,300 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 21.2% | 20.5% | 21.0% |
| Median rent | $1,460 | $1,705 | $1,413 |
| Rent as a share of renters' income | 33.6% | 30.8% | 30.6% |
| Median year homes were built | 1984 | 1979 | 1980 |
| Vacant homes | 3.3% | 7.7% | 10.1% |
| Population | 1,280 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Willards
At this week's average 30-year rate of 7.11%, buying the median Willards home of $216,100 with 20% down costs about $1,411 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,771, 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 $60,492 for the 20%-down payment. That payment is 22% of the median Willards household income of $75,333; at that income and 20% down, the 28% guideline points to a home of about $269,000.
The median rent here is $1,460 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $43,220 |
|---|---|
| Loan amount | $172,880 |
| Principal and interest | $1,163 |
| Property taxes (0.88% a year) | $158 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,411 |
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| Down payment | $7,564 |
|---|---|
| Loan amount | $212,186 |
| Principal and interest | $1,427 |
| Property taxes (0.88% a year) | $158 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $1,771 |
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Questions about home buying in Willards
What is the median home value in Willards?
About $216,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Willards?
Homeowners pay a median $1,894 a year, which is about 0.88% 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 Willards?
For the median home with 20% down at 7.11%, the payment is about $1,411 a month. Keeping that under 28% of gross income takes about $60,492 a year.
More about Willards
- Mortgage Refinance in Willards
- Debt Relief in Willards
- Home Equity Loans in Willards
- 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