Income needed to buy a home
Carroll County, MD
$164,697
a year in household income to buy the typical Carroll County home with 10% down.
The monthly math
Typical home value$490,967
Down payment (10%)$49,097
Loan$441,870
Principal and interest (7.40%)$3,059/mo
Property tax (0.86% a year)$354/mo
Homeowners insurance (estimate)$245/mo
Mortgage insurance$184/mo
Total monthly cost$3,843/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
A stretch
The typical household here earns $118,211 a year, 72% of what it takes.
In Maryland
Carroll County ranks #19 of 24 for the income a home takes, from least to most.
Easiest to afford in Maryland
| County | Typical home | Income needed |
|---|---|---|
| Allegany County | $158,340 | $53,568 |
| Baltimore City | $183,320 | $64,828 |
| Somerset County | $211,844 | $69,846 |
| Dorchester County | $271,430 | $90,781 |
| Wicomico County | $274,639 | $91,148 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.