Total monthly cost of ownership
Cost to Own a Home in Wildewood, Maryland
A $363,000 home here costs
$2,891per 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 $124,000 a year.
A standard mortgage calculator would have told you $1,979. The real number is $911 higher every month, 46% more than the payment most buyers budget for.
Compare St. Mary's 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.
Wildewood against St. Mary's County and Maryland
| Measure | Wildewood | St. Mary's County |
|---|---|---|
| Median home value | $363,100 | $390,900 |
| Median property tax | $3,016 | $3,392 |
| Effective tax rate | 0.831% | 0.868% |
| Median gross rent | $2,036 | $1,692 |
| Population | 7,765 | 114,372 |
The weather behind that power bill
Wildewood 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 $199 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
Talk to someone who works this market
These are Wildewood 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 Wildewood every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wildewood I already own here and may sell
Common questions
How much does it cost to own a home in Wildewood?
A $363,000 home in Wildewood, Maryland costs approximately $2,891 per month with 20% down at 7.24%. That is $1,979 principal and interest, $251 property tax, $91 homeowners insurance, $267 utilities and $303 set aside for maintenance.
What is the property tax rate in Wildewood?
Wildewood has an effective property tax rate of 0.831%, based on a median home value of $363,100 and median real estate taxes of $3,016. That is lower than the St. Mary's County average of 0.868%.
What is the average home price in Wildewood?
The median owner-occupied home value in Wildewood, Maryland is $363,100, against $390,900 across St. Mary's County.
Is it cheaper to rent or buy in Wildewood?
Median gross rent in Wildewood is $2,036 a month, against $2,891 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 Wildewood?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wildewood, Maryland at today's rate takes a household income of roughly $124,000 a year. That covers the full $2,891 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wildewood, 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.