Total monthly cost of ownership
Cost to Own a Home in Eldersburg, Maryland
A $479,000 home here costs
$3,596per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,463. The real number is $1,134 higher every month — 46% 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.
Eldersburg against Carroll County and Maryland
| Measure | Eldersburg | Carroll County |
|---|---|---|
| Median home value | $478,800 | $406,400 |
| Median property tax | $4,215 | $3,837 |
| Effective tax rate | 0.880% | 0.944% |
| Median gross rent | $1,655 | $1,370 |
| Population | 30,626 | 174,318 |
The weather behind that power bill
Eldersburg sits in Carroll County, which averages a high of 85.2°F in its hottest month and a low of 20.8°F in its coldest, with 42.12" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 853 cooling and 5,423 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Carroll County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carroll County
Full Carroll County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Eldersburg?
A $479,000 home in Eldersburg, Maryland costs approximately $3,596 per month with 20% down at 6.66%. That is $2,463 principal and interest, $351 property tax, $120 homeowners insurance, $264 utilities and $399 set aside for maintenance.
What is the property tax rate in Eldersburg?
Eldersburg has an effective property tax rate of 0.880%, based on a median home value of $478,800 and median real estate taxes of $4,215. That is lower than the Carroll County average of 0.944%.
What is the average home price in Eldersburg?
The median owner-occupied home value in Eldersburg, Maryland is $478,800, against $406,400 across Carroll County.
Is it cheaper to rent or buy in Eldersburg?
Median gross rent in Eldersburg is $1,655 a month, against $3,596 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 Eldersburg — 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.