The typical owner-occupied home in Sykesville is worth about $91,200, 64% below the Pennsylvania median of $254,500 and 73% below the national median of $332,700. Owners pay a median $1,190 a year in property taxes, about 1.30% of their home's value, close to the Pennsylvania rate of 1.30%. The median household earns $45,208 a year, so the median home costs 2.0 times the median income (3.3 times for Pennsylvania). 64% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Sykesville at a glance
| Sykesville | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $91,200 | $254,500 | $332,700 |
| Median property tax paid per year | $1,190 | $3,311 | $3,119 |
| Property tax as a share of value | 1.30% | 1.30% | 0.94% |
| Median household income | $45,208 | $77,971 | $80,734 |
| Homes lived in by their owners | 64% | 69% | 65% |
| Owner homes with a mortgage | 43% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $948 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 15.3% | 19.4% | 21.0% |
| Median rent | $674 | $1,209 | $1,413 |
| Rent as a share of renters' income | 29.9% | 29.2% | 30.6% |
| Median year homes were built | 1950 | 1965 | 1980 |
| Vacant homes | 15.1% | 9.2% | 10.1% |
| Population | 895 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Sykesville
At this week's average 30-year rate of 7.11%, buying the median Sykesville home of $91,200 with 20% down costs about $628 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $780, 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 $26,898 for the 20%-down payment. That payment is 17% of the median Sykesville household income of $45,208; at that income and 20% down, the 28% guideline points to a home of about $153,000.
The median rent here is $674 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,240 |
|---|---|
| Loan amount | $72,960 |
| Principal and interest | $491 |
| Property taxes (1.30% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $628 |
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| Down payment | $3,192 |
|---|---|
| Loan amount | $89,548 |
| Principal and interest | $602 |
| Property taxes (1.30% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $780 |
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Questions about home buying in Sykesville
What is the median home value in Sykesville?
About $91,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sykesville?
Homeowners pay a median $1,190 a year, which is about 1.30% 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 Sykesville?
For the median home with 20% down at 7.11%, the payment is about $628 a month. Keeping that under 28% of gross income takes about $26,898 a year.
More about Sykesville
- Mortgage Refinance in Sykesville
- Debt Relief in Sykesville
- Home Equity Loans in Sykesville
- 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