Total monthly cost of ownership
Cost to Own a Home in White Oak, Maryland
A $520,000 home here costs
$3,878per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,673. The real number is $1,205 higher every month — 45% 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.
White Oak against Montgomery County and Maryland
| Measure | White Oak | Montgomery County |
|---|---|---|
| Median home value | $520,200 | $615,200 |
| Median property tax | $4,534 | $5,341 |
| Effective tax rate | 0.872% | 0.868% |
| Median gross rent | $1,784 | $2,030 |
| Population | 16,458 | 1,057,586 |
The weather behind that power bill
White Oak sits in Montgomery County, which averages a high of 87.1°F in its hottest month and a low of 26.9°F in its coldest, with 41.32" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,279 cooling and 4,455 heating degree days, which is what sets the $196 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Maryland
Common questions
How much does it cost to own a home in White Oak?
A $520,000 home in White Oak, Maryland costs approximately $3,878 per month with 20% down at 6.66%. That is $2,673 principal and interest, $378 property tax, $130 homeowners insurance, $264 utilities and $433 set aside for maintenance.
What is the property tax rate in White Oak?
White Oak has an effective property tax rate of 0.872%, based on a median home value of $520,200 and median real estate taxes of $4,534. That is in line with the Montgomery County average of 0.868%.
What is the average home price in White Oak?
The median owner-occupied home value in White Oak, Maryland is $520,200, against $615,200 across Montgomery County.
Is it cheaper to rent or buy in White Oak?
Median gross rent in White Oak is $1,784 a month, against $3,878 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 White Oak — 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.