Total monthly cost of ownership
Cost to Own a Home in Pittsville, Maryland
A $207,000 home here costs
$1,695per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,064. The real number is $631 higher every month — 59% 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.
Pittsville against Wicomico County and Maryland
| Measure | Pittsville | Wicomico County |
|---|---|---|
| Median home value | $206,800 | $238,900 |
| Median property tax | $1,710 | $2,120 |
| Effective tax rate | 0.827% | 0.887% |
| Median gross rent | $1,088 | $1,238 |
| Population | 2,034 | 104,117 |
The weather behind that power bill
Pittsville sits in Wicomico County, which averages a high of 88.6°F in its hottest month and a low of 29.3°F in its coldest, with 48.01" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,499 cooling and 3,764 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Wicomico County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wicomico County
Full Wicomico County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in Pittsville?
A $207,000 home in Pittsville, Maryland costs approximately $1,695 per month with 20% down at 6.66%. That is $1,064 principal and interest, $143 property tax, $52 homeowners insurance, $264 utilities and $173 set aside for maintenance.
What is the property tax rate in Pittsville?
Pittsville has an effective property tax rate of 0.827%, based on a median home value of $206,800 and median real estate taxes of $1,710. That is lower than the Wicomico County average of 0.887%.
What is the average home price in Pittsville?
The median owner-occupied home value in Pittsville, Maryland is $206,800, against $238,900 across Wicomico County.
Is it cheaper to rent or buy in Pittsville?
Median gross rent in Pittsville is $1,088 a month, against $1,695 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 Pittsville — 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.