Total monthly cost of ownership
Cost to Own a Home in Leonardtown, Maryland
A $528,000 home here costs
$4,103per 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 $176,000 a year.
A standard mortgage calculator would have told you $2,879. The real number is $1,225 higher every month, 43% more than the payment most buyers budget for.
Compare St. Mary's County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Leonardtown from a five-year rolling sample, and with about 4,712 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 St. Mary's 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.
Leonardtown against St. Mary's County and Maryland
| Measure | Leonardtown | St. Mary's County |
|---|---|---|
| Median home value | $528,100 | $390,900 |
| Median property tax | $4,630 | $3,392 |
| Effective tax rate | 0.877% | 0.868% |
| Median gross rent | $1,793 | $1,692 |
| Population | 4,712 | 114,372 |
The weather behind that power bill
Leonardtown sits in St. Mary's County, which averages a high of 87.2°F in its hottest month and a low of 30.1°F in its coldest, with 46.32" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,477 cooling and 3,867 heating degree days, which is what sets the $199 electricity line above.
See the full climate breakdown for St. Mary's County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in St. Mary's County
Full St. Mary's County cost breakdown · Every county in Maryland
Talk to someone who works this market
These are Leonardtown 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 Leonardtown every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Leonardtown I already own here and may sell
Common questions
How much does it cost to own a home in Leonardtown?
A $528,000 home in Leonardtown, Maryland costs approximately $4,103 per month with 20% down at 7.24%. That is $2,879 principal and interest, $386 property tax, $132 homeowners insurance, $267 utilities and $440 set aside for maintenance.
What is the property tax rate in Leonardtown?
Leonardtown has an effective property tax rate of 0.877%, based on a median home value of $528,100 and median real estate taxes of $4,630. That is in line with the St. Mary's County average of 0.868%.
What is the average home price in Leonardtown?
The median owner-occupied home value in Leonardtown, Maryland is $528,100, against $390,900 across St. Mary's County.
Is it cheaper to rent or buy in Leonardtown?
Median gross rent in Leonardtown is $1,793 a month, against $4,103 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 Leonardtown?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Leonardtown, Maryland at today's rate takes a household income of roughly $176,000 a year. That covers the full $4,103 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Leonardtown, 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.