Total monthly cost of ownership
Cost to Own a Home in Piney Point, Maryland
A $343,000 home here costs
$2,711per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,763. The real number is $947 higher every month — 54% 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.
Piney Point against St. Mary's County and Maryland
| Measure | Piney Point | St. Mary's County |
|---|---|---|
| Median home value | $343,300 | $390,900 |
| Median property tax | $3,746 | $3,392 |
| Effective tax rate | 1.091% | 0.868% |
| Median gross rent | $1,645 | $1,692 |
| Population | 1,171 | 114,372 |
The weather behind that power bill
Piney Point 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 $196 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
Common questions
How much does it cost to own a home in Piney Point?
A $343,000 home in Piney Point, Maryland costs approximately $2,711 per month with 20% down at 6.66%. That is $1,763 principal and interest, $312 property tax, $86 homeowners insurance, $264 utilities and $286 set aside for maintenance.
What is the property tax rate in Piney Point?
Piney Point has an effective property tax rate of 1.091%, based on a median home value of $343,300 and median real estate taxes of $3,746. That is higher than the St. Mary's County average of 0.868%.
What is the average home price in Piney Point?
The median owner-occupied home value in Piney Point, Maryland is $343,300, against $390,900 across St. Mary's County.
Is it cheaper to rent or buy in Piney Point?
Median gross rent in Piney Point is $1,645 a month, against $2,711 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 Piney Point — 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.