Local costs · Maryland

What it costs to own a home in Garrett County, Maryland

The real property-tax rate, risk-adjusted insurance, and honest closing costs for Garrett County — with the all-in monthly cost of a county-median-priced home and the income it takes to carry it comfortably.

The headline numbers

Property tax rate0.78%of home value per year · below the Maryland average 0.93% · national 0.92%
US Census, ACS 2024 5-year
Home insurance$910/yrrange $590–$1,320 at the Garrett County median home value $235,300 · county risk-adjusted
Closing costs$6,700–$9,800buyer’s estimate on the $235,300 median home
All-in monthly$1,911/momedian home, 20% down, 6.67% 30-yr rate (as of 2026-08-13)
A household income of about $102,554 makes the $235,300 median home here comfortable by our math — housing under about 28% of take-home pay with room left over for everyday spending. How we compute this.

Run these numbers with your income →

The “median home” here is the Garrett County median owner-occupied value ($235,300, US Census ACS B25077, ACS 2024 5-year). The all-in monthly uses the real-life basis: loan payment $1,211, property tax $153, insurance $76, maintenance $196 (1%/yr rule of thumb), and utilities $275 (a placeholder, not yet sourced). With 20% down there is no mortgage insurance.

Local risk flags

No natural-hazard flags for Garrett County in the FEMA National Risk Index — no covered peril rates Relatively High or Very High here. That does not mean zero risk; check the specific address’s flood zone before you buy.

Closing costs, in detail

Total transfer/recording tax $4,706: buyer's customary share $2,353, seller's customary share $2,353. Maryland state transfer tax: $1,177 (split 50/50); County transfer & recordation taxes (typical, estimated): $3,530 (split 50/50, estimated). First-time Maryland homebuyers: state transfer tax halved to 0.25% and payable by the seller. Includes a labeled estimate (rate not fully verified).

Transfer & recording tax
On the $235,300 median home, the buyer’s customary share is about $2,353, with roughly $2,353 customarily paid by the seller. Only the buyer’s share is counted in the closing-cost estimate above.
Title insurance & settlement
Maryland uses competitive (filed) rates. Estimated $1,536–$2,079 on this home. Modeled title insurance + settlement (national declining-rate curve, ~0.77% of price at this level). Not a state-promulgated rate.
Lender and origination
$941–$1,882. Modeled as 0.5-1.0% of loan amount.
Appraisal, inspection, and reports
$900–$1,800. Flat buyer-paid diligence estimate.
Prepaids and escrow
$839–$1,297. Initial escrow deposit for taxes and insurance.

Frequently asked

What is the property tax rate in Garrett County, MD?
The effective property tax rate in Garrett County is 0.78% of home value per year (US Census, ACS 2024 5-year). That is lower than the Maryland average of 0.93% and lower than the national average of 0.92%.
How much is homeowners insurance in Garrett County?
A typical homeowners policy runs about $910 per year (range $590–$1,320) at the Garrett County median home value of $235,300. This is a county-adjusted estimate scaled from the NAIC state average; a real quote depends on the home and coverage.
What are typical closing costs on a $235,300 home in Garrett County?
Estimated buyer closing costs run about $6,669–$9,811 on a $235,300 home — lender fees, title and settlement, the buyer's customary share of transfer and recording taxes, and prepaid taxes and insurance.
What income do you need to afford the median home in Garrett County?
A household income of about $102,554 per year makes the $235,300 median home here comfortable by our math — housing under about 28% of take-home pay with room left for everyday spending, assuming 20% down at this week's 6.67% 30-year rate.
What is the all-in monthly cost of the median home in Garrett County?
About $1,911 per month for the $235,300 median home with 20% down at 6.67% — the loan payment, property tax, home insurance, maintenance, and an estimated utilities figure.

Run your own numbers

These figures use the area median and a 20%-down example. Put in your own price, down payment, income, and debts to see whether it’s comfortable for you.

Open the calculator for Garrett County

More counties in Maryland

Allegany CountyAnne Arundel CountyBaltimore cityBaltimore CountyCalvert CountyCaroline CountyCarroll CountyCecil CountyAll 24 counties →

Sources & vintages

  • Property tax: US Census American Community Survey, county effective rate (ACS 2024 5-year).
  • Home insurance: NAIC state average premium (2022 · FEMA NRI December 2025), scaled by FEMA National Risk Index covered-peril risk; range modeled.
  • Median home value: US Census ACS B25077, Garrett County median owner-occupied value (ACS 2024 5-year).
  • Mortgage rate: Freddie Mac 30-year fixed weekly average via FRED, as of 2026-08-13.
  • Transfer taxes & title: researched state/local schedules. The everyday-spending baseline ships from the BLS Consumer Expenditure Survey (2024), income-scaled; utilities is the one remaining labeled placeholder.

Estimates, not advice, and not a Loan Estimate. Every number is computed from public data or our own math — see the methodology for how, and where the honest gaps are.