Mortgage payment estimates, closing cost breakdowns, and homebuying data for Salisbury, Maryland.
Median Home Price
$255K
Population
34K
Avg Monthly Rent
$1,180
Property Tax Rate
1.09% *
* Property tax shown is the Maryland state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Salisbury.
Salisbury vs Maryland Median
The median home price in Salisbury is $255,000, which is 39% below the Maryland state median of $420,000.
Mortgage Calculator — Salisbury, MD
Pre-filled with Salisbury median home price and Maryland tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $255K home using Maryland's 1.09% tax rate and $1,700/yr insurance.
5% Down
$2,046/mo
Down: $12,750
Loan: $242K
P&I: $1,531
Tax: $232
Insurance: $142
PMI: $141
10% Down
$1,958/mo
Down: $25,500
Loan: $230K
P&I: $1,451
Tax: $232
Insurance: $142
PMI: $134
20% Down (No PMI)
$1,663/mo
Down: $51,000
Loan: $204K
P&I: $1,289
Tax: $232
Insurance: $142
Income needed (28% rule): $71K/year with 20% down, $84K/year with 10% down.
Rent vs Buy in Salisbury
Rent
$1,180/mo
vs
Buy (10% down)
$1,958/mo
Price-to-rent ratio: 18.0 — A ratio between 15-20 means the rent vs buy decision in Salisbury depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Salisbury is $255,000, 39% below the Maryland state median of $420,000. With a population of 33,618, Salisbury is a smaller market where home prices tend to be more accessible than in many parts of Maryland.
Property taxes in Maryland average 1.09% annually. This moderate property tax rate means a $255,000 home in Salisbury would carry roughly $232/month in property taxes. Homeowners insurance in Maryland runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Salisbury is $1,180/month. The price-to-rent ratio in Salisbury is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Salisbury presents moderate affordability. The $255K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Salisbury.