Market Overview
Home Prices in Great Mills, MD
The median home value in Great Mills, MD is $379,483 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.8% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Great Mills are priced7% below average. Great Mills is part of the California-Lexington Park, MD metro area.
Over the past five years, Great Mills home values have risen by approximately17.7%, reflecting steady appreciation in this market.
Price History
Great Mills Home Price Trend
City Comparison
Great Mills vs. National Median
At $379,483, homes in Great Mills cost 7% below the national median of $410,000. This makes Great Mills a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Great Mills?
20% Down Payment
$75,897
on $379,483
Monthly P&I
$1,979/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,513/mo
incl. taxes & insurance
Income Needed
$100,520
gross annual (30% rule)
10% Down Option
$37,948
+ PMI applies
Loan Amount (20% dn)
$303,586
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 Great Mills, MD?
The median home value in Great Mills is $379,483 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.8% year-over-year.
How much have home prices changed in Great Mills?
Over the past year, home values in Great Mills have increased by 1.8%. Over five years, prices have risen approximately 17.7%.
How much do I need to earn to buy a home in Great Mills?
To comfortably afford the median home price of $379,483 with a 20% down payment ($75,897) at today's rates (6.8%), you'd need a gross annual income of approximately $100,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Great Mills compare to the national average home price?
The national median home value is approximately $410,000. At $379,483, homes in Great Mills are 7% below the national average.
What metro area is Great Mills part of?
Great Mills is part of the California-Lexington Park, MD metropolitan area. Home prices and market conditions can vary across the broader metro region.