Total monthly cost of ownership
Cost to Own a Home in Smithsburg, Maryland
A $318,000 home here costs
$2,579per 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 $110,500 a year.
A standard mortgage calculator would have told you $1,734. The real number is $845 higher every month, 49% more than the payment most buyers budget for.
Compare Washington County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Smithsburg from a five-year rolling sample, and with about 3,069 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 Washington 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.
Smithsburg against Washington County and Maryland
| Measure | Smithsburg | Washington County |
|---|---|---|
| Median home value | $317,600 | $275,900 |
| Median property tax | $2,801 | $2,444 |
| Effective tax rate | 0.882% | 0.886% |
| Median gross rent | $899 | $1,100 |
| Population | 3,069 | 155,033 |
The weather behind that power bill
Smithsburg sits in Washington County, which averages a high of 87.3°F in its hottest month and a low of 25.3°F in its coldest, with 35.6" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,248 cooling and 4,716 heating degree days, which is what sets the $199 electricity line above.
See the full climate breakdown for Washington County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Maryland
Talk to someone who works this market
These are Smithsburg 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 Smithsburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Smithsburg I already own here and may sell
Common questions
How much does it cost to own a home in Smithsburg?
A $318,000 home in Smithsburg, Maryland costs approximately $2,579 per month with 20% down at 7.24%. That is $1,734 principal and interest, $234 property tax, $80 homeowners insurance, $267 utilities and $265 set aside for maintenance.
What is the property tax rate in Smithsburg?
Smithsburg has an effective property tax rate of 0.882%, based on a median home value of $317,600 and median real estate taxes of $2,801. That is in line with the Washington County average of 0.886%.
What is the average home price in Smithsburg?
The median owner-occupied home value in Smithsburg, Maryland is $317,600, against $275,900 across Washington County.
Is it cheaper to rent or buy in Smithsburg?
Median gross rent in Smithsburg is $899 a month, against $2,579 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 Smithsburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Smithsburg, Maryland at today's rate takes a household income of roughly $110,500 a year. That covers the full $2,579 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Smithsburg, 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.