Total monthly cost of ownership
Cost to Own a Home in Ballenger Creek, Maryland
A $370,000 home here costs
$3,017per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $129,500 a year.
A standard mortgage calculator would have told you $2,049. The real number is $967 higher every month, 47% more than the payment most buyers budget for.
Compare Frederick County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Ballenger Creek against Frederick County and Maryland
| Measure | Ballenger Creek | Frederick County |
|---|---|---|
| Median home value | $369,800 | $437,700 |
| Median property tax | $3,595 | $4,463 |
| Effective tax rate | 0.972% | 1.020% |
| Median gross rent | $1,913 | $1,706 |
| Population | 25,866 | 280,341 |
The weather behind that power bill
Ballenger Creek sits in Frederick County, which averages a high of 88.6°F in its hottest month and a low of 26.5°F in its coldest, with 43.52" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,397 cooling and 4,275 heating degree days, which is what sets the $199 electricity line above.
See the full climate breakdown for Frederick County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Frederick County
Full Frederick County cost breakdown · Every county in Maryland
Talk to someone who works this market
These are Ballenger Creek averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Ballenger Creek every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ballenger Creek I already own here and may sell
Common questions
How much does it cost to own a home in Ballenger Creek?
A $370,000 home in Ballenger Creek, Maryland costs approximately $3,017 per month with 20% down at 7.4%. That is $2,049 principal and interest, $300 property tax, $93 homeowners insurance, $267 utilities and $308 set aside for maintenance.
What is the property tax rate in Ballenger Creek?
Ballenger Creek has an effective property tax rate of 0.972%, based on a median home value of $369,800 and median real estate taxes of $3,595. That is lower than the Frederick County average of 1.020%.
What is the average home price in Ballenger Creek?
The median owner-occupied home value in Ballenger Creek, Maryland is $369,800, against $437,700 across Frederick County.
Is it cheaper to rent or buy in Ballenger Creek?
Median gross rent in Ballenger Creek is $1,913 a month, against $3,017 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Ballenger Creek?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ballenger Creek, Maryland at today's rate takes a household income of roughly $129,500 a year. That covers the full $3,017 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ballenger Creek, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Maryland.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.