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📍 Carmody Hills-Pepper Mill Village, MD · Zillow ZHVI · July 2026

Average Home Price in
Carmody Hills-Pepper Mill Village, MD

Washington-Arlington-Alexandria, DC-VA-MD-WV metro area · Prince Georges County County

Median Home Value
$358,136
↑ 0.5% year-over-year
vs. National Median
$410,000
Carmody Hills-Pepper Mill Village is 13% below
Est. Monthly Payment
$1,868/mo
20% down · 6.8% rate
Income Needed
$95K
gross annual (30% rule)
Median Home Value
$358,136
↑ 0.5% year-over-year
Down Payment (20%)$71,627
Monthly P&I$1,868/mo
With Taxes & Ins.~$2,372/mo
Income Needed$94,880/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Carmody Hills-Pepper Mill Village, MD

The median home value in Carmody Hills-Pepper Mill Village, MD is $358,136 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and up 0.2% from two years prior.

Compared to the U.S. national median of $410,000, homes in Carmody Hills-Pepper Mill Village are priced13% below average. Carmody Hills-Pepper Mill Village is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.

Over the past five years, Carmody Hills-Pepper Mill Village home values have risen by approximately7.5%, reflecting steady appreciation in this market.

City Comparison

Carmody Hills-Pepper Mill Village vs. National Median

🏠 Carmody Hills-Pepper Mill Village
$358,136
National Median
$410,000

At $358,136, homes in Carmody Hills-Pepper Mill Village cost 13% below the national median of $410,000. This makes Carmody Hills-Pepper Mill Village a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Carmody Hills-Pepper Mill Village?

20% Down Payment
$71,627
on $358,136
Monthly P&I
$1,868/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,372/mo
incl. taxes & insurance
Income Needed
$94,880
gross annual (30% rule)
10% Down Option
$35,814
+ PMI applies
Loan Amount (20% dn)
$286,509
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 Carmody Hills-Pepper Mill Village, MD?
The median home value in Carmody Hills-Pepper Mill Village is $358,136 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Carmody Hills-Pepper Mill Village?
Over the past year, home values in Carmody Hills-Pepper Mill Village have increased by 0.5%. Over five years, prices have risen approximately 7.5%.
How much do I need to earn to buy a home in Carmody Hills-Pepper Mill Village?
To comfortably afford the median home price of $358,136 with a 20% down payment ($71,627) at today's rates (6.8%), you'd need a gross annual income of approximately $94,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Carmody Hills-Pepper Mill Village compare to the national average home price?
The national median home value is approximately $410,000. At $358,136, homes in Carmody Hills-Pepper Mill Village are 13% below the national average.
What metro area is Carmody Hills-Pepper Mill Village part of?
Carmody Hills-Pepper Mill Village 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.