Market Overview
Home Prices in Cobb Island, MD
The median home value in Cobb Island, MD is $372,872 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cobb Island are priced9% below average. Cobb Island is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metro area.
Over the past five years, Cobb Island home values have risen by approximately20.9%, reflecting strong long-term appreciation in this market.
Price History
Cobb Island Home Price Trend
City Comparison
Cobb Island vs. National Median
At $372,872, homes in Cobb Island cost 9% below the national median of $410,000. This makes Cobb Island a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cobb Island?
20% Down Payment
$74,574
on $372,872
Monthly P&I
$1,945/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,470/mo
incl. taxes & insurance
Income Needed
$98,800
gross annual (30% rule)
10% Down Option
$37,287
+ PMI applies
Loan Amount (20% dn)
$298,298
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 Cobb Island, MD?
The median home value in Cobb Island is $372,872 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Cobb Island?
Over the past year, home values in Cobb Island have increased by 2%. Over five years, prices have risen approximately 20.9%.
How much do I need to earn to buy a home in Cobb Island?
To comfortably afford the median home price of $372,872 with a 20% down payment ($74,574) at today's rates (6.8%), you'd need a gross annual income of approximately $98,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Cobb Island compare to the national average home price?
The national median home value is approximately $410,000. At $372,872, homes in Cobb Island are 9% below the national average.
What metro area is Cobb Island part of?
Cobb 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.