Total monthly cost of ownership
Cost to Own a Home in Perryville, Maryland
A $268,000 home here costs
$2,179per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,378. The real number is $801 higher every month — 58% 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.
Perryville against Cecil County and Maryland
| Measure | Perryville | Cecil County |
|---|---|---|
| Median home value | $267,700 | $311,800 |
| Median property tax | $2,962 | $3,059 |
| Effective tax rate | 1.106% | 0.981% |
| Median gross rent | $1,053 | $1,367 |
| Population | 4,425 | 104,366 |
The weather behind that power bill
Perryville sits in Cecil 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 $196 electricity line above.
See the full climate breakdown for Cecil County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cecil County
Common questions
How much does it cost to own a home in Perryville?
A $268,000 home in Perryville, Maryland costs approximately $2,179 per month with 20% down at 6.66%. That is $1,378 principal and interest, $247 property tax, $67 homeowners insurance, $264 utilities and $223 set aside for maintenance.
What is the property tax rate in Perryville?
Perryville has an effective property tax rate of 1.106%, based on a median home value of $267,700 and median real estate taxes of $2,962. That is higher than the Cecil County average of 0.981%.
What is the average home price in Perryville?
The median owner-occupied home value in Perryville, Maryland is $267,700, against $311,800 across Cecil County.
Is it cheaper to rent or buy in Perryville?
Median gross rent in Perryville is $1,053 a month, against $2,179 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 Perryville — 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.