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Howard County Housing Market

Maryland · 24 counties · Ranked #3061 in home value

Above National Avg

Housing at a Glance

Median Home Value

$576,700

vs national+$576,700 vs $281,900 national

Median Gross Rent

$2,038/mo

vs national+$2,038 vs $1,163 national

Effective Tax Rate

1.18%

vs national+1.18% vs 1.02% national

Median Household Income

$146,982

vs national+$146,982 vs $74,755 national

Affordability Ratio

3.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$6,814

Tax as % of Home Value

1.18%

Monthly Owner Cost

$2,458

Renter Income

$83,962

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Frequently Asked Questions

What is the median home value in Howard County?

The median home value in Howard County is $576,700. This is above the national median of $281,900.

How much is rent in Howard County?

The median gross rent in Howard County is $2,038 per month.

What is the property tax rate in Howard County?

The effective property tax rate in Howard County is 1.18%. The median annual property tax bill is $6,814.

Is Howard County affordable?

With a home-value-to-income ratio of 3.9x, Howard County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.