Total monthly cost of ownership
Cost to Own a Home in Federalsburg, Maryland
A $125,000 home here costs
$1,181per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $643. The real number is $538 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.
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 $196 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
Common questions
How much does it cost to own a home in Federalsburg?
A $125,000 home in Federalsburg, Maryland costs approximately $1,181 per month with 20% down at 6.66%. That is $643 principal and interest, $139 property tax, $31 homeowners insurance, $264 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 $1,181 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 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.