Total monthly cost of ownership
Cost to Own a Home in Federalsburg, Maryland
A $125,000 home here costs
$1,223per 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 $52,500 a year.
A standard mortgage calculator would have told you $681. The real number is $541 higher every month, 79% more than the payment most buyers budget for.
Compare Caroline County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Federalsburg from a five-year rolling sample, and with about 2,818 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 Caroline 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.
Federalsburg against Caroline County and Maryland
| Measure | Federalsburg | Caroline County |
|---|---|---|
| Median home value | $125,200 | $272,400 |
| Median property tax | $1,674 | $2,513 |
| Effective tax rate | 1.337% | 0.923% |
| Median gross rent | $987 | $1,070 |
| Population | 2,818 | 33,406 |
The weather behind that power bill
Federalsburg sits in Caroline County, which averages a high of 87.7°F in its hottest month and a low of 28.6°F in its coldest, with 43.88" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,396 cooling and 4,070 heating degree days, which is what sets the $199 electricity line above.
See the full climate breakdown for Caroline County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Caroline County
Full Caroline County cost breakdown · Every county in Maryland
Talk to someone who works this market
These are Federalsburg 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 Federalsburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Federalsburg I already own here and may sell
Common questions
How much does it cost to own a home in Federalsburg?
A $125,000 home in Federalsburg, Maryland costs approximately $1,223 per month with 20% down at 7.24%. That is $681 principal and interest, $139 property tax, $31 homeowners insurance, $267 utilities and $104 set aside for maintenance.
What is the property tax rate in Federalsburg?
Federalsburg has an effective property tax rate of 1.337%, based on a median home value of $125,200 and median real estate taxes of $1,674. That is higher than the Caroline County average of 0.923%.
What is the average home price in Federalsburg?
The median owner-occupied home value in Federalsburg, Maryland is $125,200, against $272,400 across Caroline County.
Is it cheaper to rent or buy in Federalsburg?
Median gross rent in Federalsburg is $987 a month, against $1,223 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 Federalsburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Federalsburg, Maryland at today's rate takes a household income of roughly $52,500 a year. That covers the full $1,223 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Federalsburg, 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.