Montgomery County, Maryland: What It Costs to Buy a Home
The median home in Montgomery County is worth $640,300, property taxes on it run about $5,341 a year (0.87%), the FHA loan limit is $1,249,125, and closing on it means about $22,667 in transfer tax plus $3,413 in title insurance. Each number below opens its own page with the source and a calculator.
| Median home value | $640,300 | Title insurance at this price → |
|---|---|---|
| Property taxes (median paid) | $5,341 a year, 0.87% of value | Property tax page → |
| FHA loan limit (1 unit) | $1,249,125 | Loan limits page → |
| Conforming loan limit (1 unit) | $1,249,125 | Loan limits page → |
| Transfer tax on the median home | $22,667 (incl. Montgomery County recordation tax and Montgomery County transfer tax) | Maryland transfer tax page → |
| Title insurance on the median home | $3,063 owner's + $350 lender's | Title insurance page → |
| Recording fees (deed + mortgage) | $175 | Recording fees page → |
| Closing costs from these items | $26,255 | Closing costs page → |
| Down payment help | 2 local programs found | First-time buyer page → |
| Area median income (HUD, family of 4) | $166,100; low-income limit $106,800 | Income limits page → |
Frequently asked questions
How much do homes cost in Montgomery County?
The median owner-occupied home in Montgomery County is valued at $640,300, per U.S. Census Bureau QuickFacts, Montgomery County, Maryland - Median value of owner-occupied housing units, 2020-2024 (ACS 5-Year).
How much are property taxes in Montgomery County?
The median Montgomery County homeowner pays $5,341 a year in real estate taxes, about 0.87% of the median home value ($5,287 for homes with a mortgage), per the Census Bureau's American Community Survey.
What is the FHA loan limit in Montgomery County?
$1,249,125 for a one-unit home in 2026 (a high-cost limit above the national floor), per HUD; the conforming limit for Fannie Mae and Freddie Mac loans is $1,249,125, per FHFA.
What does it cost to close on a home in Montgomery County?
On the $640,300 median home: transfer tax $22,667, title insurance $3,413 for both policies, recording fees about $175, about $26,255 for those items before lender fees, prepaid taxes and insurance.
What is the area median income in Montgomery County?
HUD's FY 2026 median family income for Montgomery County (Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area) is $166,100. A family of four counts as low income below $106,800 under HUD's 80% tier (adjusted for local housing costs, so it can sit above 80% of the median), which is the line many first-time buyer assistance programs use.
Nearby Maryland counties
- Harford County $367,300
- Howard County $576,700
- Kent County $307,100
- Prince George's County $404,300
- Queen Anne's County $441,800
- Somerset County $164,300
Sources
- U.S. Census Bureau QuickFacts, Montgomery County, Maryland - Median value of owner-occupied housing units, 2020-2024 (ACS 5-Year)
- U.S. Census Bureau, ACS 2019-2023 five-year estimates, table B25103 (median real estate taxes paid)
- HUD, FHA forward mortgage loan limits for calendar year 2026 (CHUMS county limits file, Mortgagee Letter 2025-23)
- FHFA, conforming loan limits for mortgages acquired in calendar year 2026, by county
Figures are computed from the documents above and rounded to the dollar. All sources.
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General information, not financial, tax or legal advice. Figures are medians and schedule computations, not quotes.
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