Total monthly cost of ownership
Cost to Own a Home in Easton, Maryland
A $348,000 home here costs
$2,661per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,789. The real number is $872 higher every month — 49% 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.
Easton against Talbot County and Maryland
| Measure | Easton | Talbot County |
|---|---|---|
| Median home value | $348,400 | $398,300 |
| Median property tax | $2,779 | $2,623 |
| Effective tax rate | 0.798% | 0.659% |
| Median gross rent | $1,177 | $1,248 |
| Population | 17,202 | 37,707 |
The weather behind that power bill
Easton sits in Talbot County, which averages a high of 88.1°F in its hottest month and a low of 29.3°F in its coldest, with 47.61" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,473 cooling and 3,972 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Talbot County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Talbot County
Full Talbot County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Easton?
A $348,000 home in Easton, Maryland costs approximately $2,661 per month with 20% down at 6.66%. That is $1,789 principal and interest, $231 property tax, $87 homeowners insurance, $264 utilities and $290 set aside for maintenance.
What is the property tax rate in Easton?
Easton has an effective property tax rate of 0.798%, based on a median home value of $348,400 and median real estate taxes of $2,779. That is higher than the Talbot County average of 0.659%.
What is the average home price in Easton?
The median owner-occupied home value in Easton, Maryland is $348,400, against $398,300 across Talbot County.
Is it cheaper to rent or buy in Easton?
Median gross rent in Easton is $1,177 a month, against $2,661 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 Easton — 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.