Total monthly cost of ownership
Cost to Own a Home in Waldorf, Maryland
A $383,000 home here costs
$3,109per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $133,000 a year.
A standard mortgage calculator would have told you $2,105. The real number is $1,004 higher every month, 48% more than the payment most buyers budget for.
Compare Charles County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Waldorf against Charles County and Maryland
| Measure | Waldorf | Charles County |
|---|---|---|
| Median home value | $383,100 | $402,300 |
| Median property tax | $3,865 | $4,179 |
| Effective tax rate | 1.009% | 1.039% |
| Median gross rent | $1,949 | $1,897 |
| Population | 82,541 | 168,710 |
The weather behind that power bill
Waldorf sits in Charles County, which averages a high of 88.0°F in its hottest month and a low of 28.3°F in its coldest, with 41.03" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,512 cooling and 4,002 heating degree days, which is what sets the $199 electricity line above.
See the full climate breakdown for Charles County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Charles County
Full Charles County cost breakdown · Every county in Maryland
Talk to someone who works this market
These are Waldorf 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 Waldorf every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Waldorf I already own here and may sell
Common questions
How much does it cost to own a home in Waldorf?
A $383,000 home in Waldorf, Maryland costs approximately $3,109 per month with 20% down at 7.32%. That is $2,105 principal and interest, $322 property tax, $96 homeowners insurance, $267 utilities and $319 set aside for maintenance.
What is the property tax rate in Waldorf?
Waldorf has an effective property tax rate of 1.009%, based on a median home value of $383,100 and median real estate taxes of $3,865. That is lower than the Charles County average of 1.039%.
What is the average home price in Waldorf?
The median owner-occupied home value in Waldorf, Maryland is $383,100, against $402,300 across Charles County.
Is it cheaper to rent or buy in Waldorf?
Median gross rent in Waldorf is $1,949 a month, against $3,109 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 Waldorf?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Waldorf, Maryland at today's rate takes a household income of roughly $133,000 a year. That covers the full $3,109 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Waldorf, 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.