Total monthly cost of ownership
Cost to Own a Home in Boonsboro, Maryland
A $343,000 home here costs
$2,565per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,763. The real number is $802 higher every month — 45% 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.
Boonsboro against Washington County and Maryland
| Measure | Boonsboro | Washington County |
|---|---|---|
| Median home value | $342,600 | $275,900 |
| Median property tax | $1,998 | $2,444 |
| Effective tax rate | 0.583% | 0.886% |
| Median gross rent | $1,197 | $1,100 |
| Population | 3,799 | 155,033 |
The weather behind that power bill
Boonsboro sits in Washington County, which averages a high of 87.3°F in its hottest month and a low of 25.3°F in its coldest, with 35.6" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,248 cooling and 4,716 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Boonsboro?
A $343,000 home in Boonsboro, Maryland costs approximately $2,565 per month with 20% down at 6.66%. That is $1,763 principal and interest, $167 property tax, $86 homeowners insurance, $264 utilities and $286 set aside for maintenance.
What is the property tax rate in Boonsboro?
Boonsboro has an effective property tax rate of 0.583%, based on a median home value of $342,600 and median real estate taxes of $1,998. That is lower than the Washington County average of 0.886%.
What is the average home price in Boonsboro?
The median owner-occupied home value in Boonsboro, Maryland is $342,600, against $275,900 across Washington County.
Is it cheaper to rent or buy in Boonsboro?
Median gross rent in Boonsboro is $1,197 a month, against $2,565 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 Boonsboro — 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.