Market Overview
Home Prices in Broomes Island, MD
The median home value in Broomes Island, MD is $491,218 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and up 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Broomes Island are priced20% above average. Broomes Island is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Price History
Broomes Island Home Price Trend
2022
$447,624
$448K
—
2023
$446,171
$446K
-0.3%
2024
$457,355
$457K
+2.5%
2025
$466,744
$467K
+2.1%
2026
$491,218
$491K
+5.2%
City Comparison
Broomes Island vs. National Median
🏠 Broomes Island
$491,218
National Median
$410,000
At $491,218, homes in Broomes Island cost 20% above the national median of $410,000. Buyers in Broomes Island should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Broomes Island?
20% Down Payment
$98,244
on $491,218
Monthly P&I
$2,562/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,254/mo
incl. taxes & insurance
Income Needed
$130,160
gross annual (30% rule)
10% Down Option
$49,122
+ PMI applies
Loan Amount (20% dn)
$392,974
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Broomes Island, MD?
The median home value in Broomes Island is $491,218 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Broomes Island?
Over the past year, home values in Broomes Island have increased by 5.2%.
How much do I need to earn to buy a home in Broomes Island?
To comfortably afford the median home price of $491,218 with a 20% down payment ($98,244) at today's rates (6.8%), you'd need a gross annual income of approximately $130,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Broomes Island compare to the national average home price?
The national median home value is approximately $410,000. At $491,218, homes in Broomes Island are 20% above the national average.
What metro area is Broomes Island part of?
Broomes Island is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. Home prices and market conditions can vary across the broader metro region.