Total monthly cost of ownership
Cost to Own a Home in Havre de Grace, Maryland
A $349,000 home here costs
$2,868per 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 $123,000 a year.
A standard mortgage calculator would have told you $1,903. The real number is $965 higher every month, 51% more than the payment most buyers budget for.
Compare Harford County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Havre de Grace against Harford County and Maryland
| Measure | Havre de Grace | Harford County |
|---|---|---|
| Median home value | $348,800 | $367,300 |
| Median property tax | $3,843 | $3,424 |
| Effective tax rate | 1.102% | 0.932% |
| Median gross rent | $1,314 | $1,557 |
| Population | 14,857 | 262,509 |
The weather behind that power bill
Havre de Grace sits in Harford County, which averages a high of 86.4°F in its hottest month and a low of 25.3°F in its coldest, with 47.11" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,171 cooling and 4,706 heating degree days, which is what sets the $199 electricity line above.
See the full climate breakdown for Harford County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Harford County
Full Harford County cost breakdown · Every county in Maryland
Talk to someone who works this market
These are Havre de Grace 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 Havre de Grace every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Havre de Grace I already own here and may sell
Common questions
How much does it cost to own a home in Havre de Grace?
A $349,000 home in Havre de Grace, Maryland costs approximately $2,868 per month with 20% down at 7.24%. That is $1,903 principal and interest, $320 property tax, $87 homeowners insurance, $267 utilities and $291 set aside for maintenance.
What is the property tax rate in Havre de Grace?
Havre de Grace has an effective property tax rate of 1.102%, based on a median home value of $348,800 and median real estate taxes of $3,843. That is higher than the Harford County average of 0.932%.
What is the average home price in Havre de Grace?
The median owner-occupied home value in Havre de Grace, Maryland is $348,800, against $367,300 across Harford County.
Is it cheaper to rent or buy in Havre de Grace?
Median gross rent in Havre de Grace is $1,314 a month, against $2,868 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 Havre de Grace?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Havre de Grace, Maryland at today's rate takes a household income of roughly $123,000 a year. That covers the full $2,868 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Havre de Grace, 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.