Total monthly cost of ownership
Cost to Own a Home in Delmar, Maryland
A $212,000 home here costs
$1,884per 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 $80,500 a year.
A standard mortgage calculator would have told you $1,156. The real number is $728 higher every month, 63% more than the payment most buyers budget for.
Compare Wicomico County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Delmar from a five-year rolling sample, and with about 4,058 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Wicomico County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Delmar against Wicomico County and Maryland
| Measure | Delmar | Wicomico County |
|---|---|---|
| Median home value | $211,600 | $238,900 |
| Median property tax | $2,777 | $2,120 |
| Effective tax rate | 1.312% | 0.887% |
| Median gross rent | $1,351 | $1,238 |
| Population | 4,058 | 104,117 |
The weather behind that power bill
Delmar sits in Wicomico County, which averages a high of 88.6°F in its hottest month and a low of 29.3°F in its coldest, with 48.01" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,499 cooling and 3,764 heating degree days, which is what sets the $199 electricity line above.
See the full climate breakdown for Wicomico County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wicomico County
Full Wicomico County cost breakdown · Every county in Maryland
Talk to someone who works this market
These are Delmar 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 Delmar every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Delmar I already own here and may sell
Common questions
How much does it cost to own a home in Delmar?
A $212,000 home in Delmar, Maryland costs approximately $1,884 per month with 20% down at 7.24%. That is $1,156 principal and interest, $232 property tax, $53 homeowners insurance, $267 utilities and $177 set aside for maintenance.
What is the property tax rate in Delmar?
Delmar has an effective property tax rate of 1.312%, based on a median home value of $211,600 and median real estate taxes of $2,777. That is higher than the Wicomico County average of 0.887%.
What is the average home price in Delmar?
The median owner-occupied home value in Delmar, Maryland is $211,600, against $238,900 across Wicomico County.
Is it cheaper to rent or buy in Delmar?
Median gross rent in Delmar is $1,351 a month, against $1,884 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 Delmar?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Delmar, Maryland at today's rate takes a household income of roughly $80,500 a year. That covers the full $1,884 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Delmar, 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.