Total monthly cost of ownership
Cost to Own a Home in Charlestown, Maryland
A $361,000 home here costs
$2,825per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,856. The real number is $969 higher every month — 52% 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.
Charlestown against Cecil County and Maryland
| Measure | Charlestown | Cecil County |
|---|---|---|
| Median home value | $361,300 | $311,800 |
| Median property tax | $3,777 | $3,059 |
| Effective tax rate | 1.045% | 0.981% |
| Median gross rent | $1,548 | $1,367 |
| Population | 2,037 | 104,366 |
The weather behind that power bill
Charlestown sits in Cecil 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 Cecil County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cecil County
Common questions
How much does it cost to own a home in Charlestown?
A $361,000 home in Charlestown, Maryland costs approximately $2,825 per month with 20% down at 6.66%. That is $1,856 principal and interest, $314 property tax, $90 homeowners insurance, $264 utilities and $301 set aside for maintenance.
What is the property tax rate in Charlestown?
Charlestown has an effective property tax rate of 1.045%, based on a median home value of $361,300 and median real estate taxes of $3,777. That is higher than the Cecil County average of 0.981%.
What is the average home price in Charlestown?
The median owner-occupied home value in Charlestown, Maryland is $361,300, against $311,800 across Cecil County.
Is it cheaper to rent or buy in Charlestown?
Median gross rent in Charlestown is $1,548 a month, against $2,825 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 Charlestown — 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.