Total monthly cost of ownership
Cost to Own a Home in Crisfield, Maryland
A $137,000 home here costs
$1,293per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $704. The real number is $589 higher every month — 84% 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.
Crisfield against Somerset County and Maryland
| Measure | Crisfield | Somerset County |
|---|---|---|
| Median home value | $137,100 | $164,300 |
| Median property tax | $2,124 | $1,603 |
| Effective tax rate | 1.549% | 0.976% |
| Median gross rent | $725 | $938 |
| Population | 2,468 | 24,685 |
The weather behind that power bill
Crisfield sits in Somerset County, which averages a high of 86.1°F in its hottest month and a low of 29.5°F in its coldest, with 43.25" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,358 cooling and 3,957 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Somerset County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Somerset County
Full Somerset County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Crisfield?
A $137,000 home in Crisfield, Maryland costs approximately $1,293 per month with 20% down at 6.66%. That is $704 principal and interest, $177 property tax, $34 homeowners insurance, $264 utilities and $114 set aside for maintenance.
What is the property tax rate in Crisfield?
Crisfield has an effective property tax rate of 1.549%, based on a median home value of $137,100 and median real estate taxes of $2,124. That is higher than the Somerset County average of 0.976%.
What is the average home price in Crisfield?
The median owner-occupied home value in Crisfield, Maryland is $137,100, against $164,300 across Somerset County.
Is it cheaper to rent or buy in Crisfield?
Median gross rent in Crisfield is $725 a month, against $1,293 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 Crisfield — 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.