The typical owner-occupied home in Bishopville is worth about $623,000, 48% above the Maryland median of $419,900 and 87% above the national median of $332,700. Owners pay a median $3,537 a year in property taxes, about 0.57% of their home's value, lower than the Maryland rate of 0.97%. 61% of occupied homes here are lived in by their owners, and 98% of those owners still have a mortgage.
Bishopville at a glance
| Bishopville | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $623,000 | $419,900 | $332,700 |
| Median property tax paid per year | $3,537 | $4,093 | $3,119 |
| Property tax as a share of value | 0.57% | 0.97% | 0.94% |
| Median household income | – | $103,678 | $80,734 |
| Homes lived in by their owners | 61% | 68% | 65% |
| Owner homes with a mortgage | 98% | 71% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 13.6% | 20.5% | 21.0% |
| Median rent | – | $1,705 | $1,413 |
| Median year homes were built | 1979 | 1979 | 1980 |
| Vacant homes | 39.7% | 7.7% | 10.1% |
| Population | 516 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Bishopville
At this week's average 30-year rate of 7.11%, buying the median Bishopville home of $623,000 with 20% down costs about $3,908 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,946, 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 $167,498 for the 20%-down payment.
| Down payment | $124,600 |
|---|---|
| Loan amount | $498,400 |
| Principal and interest | $3,353 |
| Property taxes (0.57% a year) | $296 |
| Homeowners insurance (our estimate, 0.5% a year) | $260 |
| PMI | $0 |
| Total per month | $3,908 |
Change the numbers in the calculator
| Down payment | $21,805 |
|---|---|
| Loan amount | $611,716 |
| Principal and interest | $4,115 |
| Property taxes (0.57% a year) | $296 |
| Homeowners insurance (our estimate, 0.5% a year) | $260 |
| FHA mortgage insurance | $276 |
| Total per month | $4,946 |
Change the numbers in the calculator
Questions about home buying in Bishopville
What is the median home value in Bishopville?
About $623,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bishopville?
Homeowners pay a median $3,537 a year, which is about 0.57% 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 Bishopville?
For the median home with 20% down at 7.11%, the payment is about $3,908 a month. Keeping that under 28% of gross income takes about $167,498 a year.
More about Bishopville
- Mortgage Refinance in Bishopville
- Debt Relief in Bishopville
- Home Equity Loans in Bishopville
- 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