Total monthly cost of ownership
Cost to Own a Home in Perry Hall, Maryland
A $332,000 home here costs
$2,644per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,707. The real number is $938 higher every month — 55% 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.
Perry Hall against Baltimore County and Maryland
| Measure | Perry Hall | Baltimore County |
|---|---|---|
| Median home value | $332,000 | $330,000 |
| Median property tax | $3,772 | $3,645 |
| Effective tax rate | 1.136% | 1.105% |
| Median gross rent | $1,604 | $1,566 |
| Population | 28,908 | 849,586 |
The weather behind that power bill
Perry Hall sits in Baltimore County, which averages a high of 90.1°F in its hottest month and a low of 30.0°F in its coldest, with 43.73" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,749 cooling and 3,859 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Baltimore County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Baltimore County
Full Baltimore County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Perry Hall?
A $332,000 home in Perry Hall, Maryland costs approximately $2,644 per month with 20% down at 6.66%. That is $1,707 principal and interest, $314 property tax, $83 homeowners insurance, $264 utilities and $277 set aside for maintenance.
What is the property tax rate in Perry Hall?
Perry Hall has an effective property tax rate of 1.136%, based on a median home value of $332,000 and median real estate taxes of $3,772. That is higher than the Baltimore County average of 1.105%.
What is the average home price in Perry Hall?
The median owner-occupied home value in Perry Hall, Maryland is $332,000, against $330,000 across Baltimore County.
Is it cheaper to rent or buy in Perry Hall?
Median gross rent in Perry Hall is $1,604 a month, against $2,644 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 Perry Hall — 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.