Total monthly cost of ownership
Cost to Own a Home in Bel Air North, Maryland
A $423,000 home here costs
$3,214per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,175. The real number is $1,039 higher every month — 48% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bel Air North against Harford County and Maryland
| Measure | Bel Air North | Harford County |
|---|---|---|
| Median home value | $422,700 | $367,300 |
| Median property tax | $3,800 | $3,424 |
| Effective tax rate | 0.899% | 0.932% |
| Median gross rent | $1,651 | $1,557 |
| Population | 31,599 | 262,509 |
The weather behind that power bill
Bel Air North sits in Harford County, which averages a high of 86.4°F in its hottest month and a low of 25.3°F in its coldest, with 47.11" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,171 cooling and 4,706 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Harford County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harford County
Full Harford County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Bel Air North?
A $423,000 home in Bel Air North, Maryland costs approximately $3,214 per month with 20% down at 6.66%. That is $2,175 principal and interest, $317 property tax, $106 homeowners insurance, $264 utilities and $353 set aside for maintenance.
What is the property tax rate in Bel Air North?
Bel Air North has an effective property tax rate of 0.899%, based on a median home value of $422,700 and median real estate taxes of $3,800. That is lower than the Harford County average of 0.932%.
What is the average home price in Bel Air North?
The median owner-occupied home value in Bel Air North, Maryland is $422,700, against $367,300 across Harford County.
Is it cheaper to rent or buy in Bel Air North?
Median gross rent in Bel Air North is $1,651 a month, against $3,214 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bel Air North — 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.