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📍 Essex, MD · Zillow ZHVI · July 2026

Average Home Price in
Essex, MD

Baltimore-Columbia-Towson, MD metro area · Baltimore County County

Median Home Value
$297,674
↑ 1% year-over-year
vs. National Median
$410,000
Essex is 27% below
Est. Monthly Payment
$1,552/mo
20% down · 6.8% rate
Income Needed
$79K
gross annual (30% rule)
Median Home Value
$297,674
↑ 1% year-over-year
Down Payment (20%)$59,535
Monthly P&I$1,552/mo
With Taxes & Ins.~$1,971/mo
Income Needed$78,840/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Essex, MD

The median home value in Essex, MD is $297,674 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1% compared to a year ago and up 1.9% from two years prior.

Compared to the U.S. national median of $410,000, homes in Essex are priced27% below average. Essex is part of the Baltimore-Columbia-Towson, MD metro area.

Over the past five years, Essex home values have risen by approximately15.2%, reflecting steady appreciation in this market.

City Comparison

Essex vs. National Median

🏠 Essex
$297,674
National Median
$410,000

At $297,674, homes in Essex cost 27% below the national median of $410,000. This makes Essex a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Essex?

20% Down Payment
$59,535
on $297,674
Monthly P&I
$1,552/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,971/mo
incl. taxes & insurance
Income Needed
$78,840
gross annual (30% rule)
10% Down Option
$29,767
+ PMI applies
Loan Amount (20% dn)
$238,139
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 Essex, MD?
The median home value in Essex is $297,674 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1% year-over-year.
How much have home prices changed in Essex?
Over the past year, home values in Essex have increased by 1%. Over five years, prices have risen approximately 15.2%.
How much do I need to earn to buy a home in Essex?
To comfortably afford the median home price of $297,674 with a 20% down payment ($59,535) at today's rates (6.8%), you'd need a gross annual income of approximately $78,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Essex compare to the national average home price?
The national median home value is approximately $410,000. At $297,674, homes in Essex are 27% below the national average.
What metro area is Essex part of?
Essex is part of the Baltimore-Columbia-Towson, MD metropolitan area. Home prices and market conditions can vary across the broader metro region.