Total monthly cost of ownership
Cost to Own a Home in Capitol Heights, Maryland
A $295,000 home here costs
$2,414per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,517. The real number is $897 higher every month — 59% 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.
Capitol Heights against Prince George's County and Maryland
| Measure | Capitol Heights | Prince George's County |
|---|---|---|
| Median home value | $294,700 | $404,300 |
| Median property tax | $3,762 | $4,662 |
| Effective tax rate | 1.277% | 1.153% |
| Median gross rent | $1,379 | $1,761 |
| Population | 4,014 | 955,584 |
The weather behind that power bill
Capitol Heights sits in Prince George's County, which averages a high of 88.0°F in its hottest month and a low of 24.7°F in its coldest, with 45.01" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,284 cooling and 4,546 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Prince George's County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Prince George's County
Full Prince George's County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Capitol Heights?
A $295,000 home in Capitol Heights, Maryland costs approximately $2,414 per month with 20% down at 6.66%. That is $1,517 principal and interest, $314 property tax, $74 homeowners insurance, $264 utilities and $246 set aside for maintenance.
What is the property tax rate in Capitol Heights?
Capitol Heights has an effective property tax rate of 1.277%, based on a median home value of $294,700 and median real estate taxes of $3,762. That is higher than the Prince George's County average of 1.153%.
What is the average home price in Capitol Heights?
The median owner-occupied home value in Capitol Heights, Maryland is $294,700, against $404,300 across Prince George's County.
Is it cheaper to rent or buy in Capitol Heights?
Median gross rent in Capitol Heights is $1,379 a month, against $2,414 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 Capitol Heights — 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.