Total monthly cost of ownership
Cost to Own a Home in Myersville, Maryland
A $458,000 home here costs
$3,634per 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 $156,000 a year.
A standard mortgage calculator would have told you $2,497. The real number is $1,137 higher every month, 46% more than the payment most buyers budget for.
Compare Frederick County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Myersville from a five-year rolling sample, and with about 2,464 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 Frederick 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.
Myersville against Frederick County and Maryland
| Measure | Myersville | Frederick County |
|---|---|---|
| Median home value | $457,900 | $437,700 |
| Median property tax | $4,491 | $4,463 |
| Effective tax rate | 0.981% | 1.020% |
| Median gross rent | $1,741 | $1,706 |
| Population | 2,464 | 280,341 |
The weather behind that power bill
Myersville sits in Frederick County, which averages a high of 88.6°F in its hottest month and a low of 26.5°F in its coldest, with 43.52" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,397 cooling and 4,275 heating degree days, which is what sets the $199 electricity line above.
See the full climate breakdown for Frederick County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Frederick County
Full Frederick County cost breakdown · Every county in Maryland
Talk to someone who works this market
These are Myersville 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 Myersville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Myersville I already own here and may sell
Common questions
How much does it cost to own a home in Myersville?
A $458,000 home in Myersville, Maryland costs approximately $3,634 per month with 20% down at 7.24%. That is $2,497 principal and interest, $374 property tax, $115 homeowners insurance, $267 utilities and $382 set aside for maintenance.
What is the property tax rate in Myersville?
Myersville has an effective property tax rate of 0.981%, based on a median home value of $457,900 and median real estate taxes of $4,491. That is lower than the Frederick County average of 1.020%.
What is the average home price in Myersville?
The median owner-occupied home value in Myersville, Maryland is $457,900, against $437,700 across Frederick County.
Is it cheaper to rent or buy in Myersville?
Median gross rent in Myersville is $1,741 a month, against $3,634 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 Myersville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Myersville, Maryland at today's rate takes a household income of roughly $156,000 a year. That covers the full $3,634 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Myersville, 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.