Total monthly cost of ownership
Cost to Own a Home in Cape St. Claire, Maryland
A $476,000 home here costs
$3,710per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $159,000 a year.
A standard mortgage calculator would have told you $2,595. The real number is $1,115 higher every month, 43% more than the payment most buyers budget for.
Compare Anne Arundel 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.
Cape St. Claire against Anne Arundel County and Maryland
| Measure | Cape St. Claire | Anne Arundel County |
|---|---|---|
| Median home value | $475,700 | $450,300 |
| Median property tax | $3,993 | $3,836 |
| Effective tax rate | 0.839% | 0.852% |
| Median gross rent | $1,868 | $1,990 |
| Population | 9,016 | 590,936 |
The weather behind that power bill
Cape St. Claire sits in Anne Arundel County, which averages a high of 86.0°F in its hottest month and a low of 29.8°F in its coldest, with 43.99" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,436 cooling and 4,062 heating degree days, which is what sets the $199 electricity line above.
See the full climate breakdown for Anne Arundel County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Anne Arundel County
Full Anne Arundel County cost breakdown · Every county in Maryland
Talk to someone who works this market
These are Cape St. Claire 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 Cape St. Claire every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cape St. Claire I already own here and may sell
Common questions
How much does it cost to own a home in Cape St. Claire?
A $476,000 home in Cape St. Claire, Maryland costs approximately $3,710 per month with 20% down at 7.24%. That is $2,595 principal and interest, $333 property tax, $119 homeowners insurance, $267 utilities and $397 set aside for maintenance.
What is the property tax rate in Cape St. Claire?
Cape St. Claire has an effective property tax rate of 0.839%, based on a median home value of $475,700 and median real estate taxes of $3,993. That is lower than the Anne Arundel County average of 0.852%.
What is the average home price in Cape St. Claire?
The median owner-occupied home value in Cape St. Claire, Maryland is $475,700, against $450,300 across Anne Arundel County.
Is it cheaper to rent or buy in Cape St. Claire?
Median gross rent in Cape St. Claire is $1,868 a month, against $3,710 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 Cape St. Claire?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cape St. Claire, Maryland at today's rate takes a household income of roughly $159,000 a year. That covers the full $3,710 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cape St. Claire, 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.