Total monthly cost of ownership
Cost to Own a Home in Willards, Maryland
A $197,000 home here costs
$1,651per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,013. The real number is $639 higher every month — 63% 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.
Willards against Wicomico County and Maryland
| Measure | Willards | Wicomico County |
|---|---|---|
| Median home value | $196,800 | $238,900 |
| Median property tax | $1,936 | $2,120 |
| Effective tax rate | 0.984% | 0.887% |
| Median gross rent | $1,537 | $1,238 |
| Population | 1,273 | 104,117 |
The weather behind that power bill
Willards 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 Willards?
A $197,000 home in Willards, Maryland costs approximately $1,651 per month with 20% down at 6.66%. That is $1,013 principal and interest, $162 property tax, $49 homeowners insurance, $264 utilities and $164 set aside for maintenance.
What is the property tax rate in Willards?
Willards has an effective property tax rate of 0.984%, based on a median home value of $196,800 and median real estate taxes of $1,936. That is higher than the Wicomico County average of 0.887%.
What is the average home price in Willards?
The median owner-occupied home value in Willards, Maryland is $196,800, against $238,900 across Wicomico County.
Is it cheaper to rent or buy in Willards?
Median gross rent in Willards is $1,537 a month, against $1,651 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 Willards — 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.