Market Overview
Home Prices in Monkton, MD
The median home value in Monkton, MD is $729,043 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Monkton are priced78% above average. Monkton is part of the Baltimore-Columbia-Towson, MD metro area.
Over the past five years, Monkton home values have risen by approximately17.3%, reflecting steady appreciation in this market.
Price History
Monkton Home Price Trend
City Comparison
Monkton vs. National Median
At $729,043, homes in Monkton cost 78% above the national median of $410,000. Buyers in Monkton should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Monkton?
20% Down Payment
$145,809
on $729,043
Monthly P&I
$3,802/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,829/mo
incl. taxes & insurance
Income Needed
$193,160
gross annual (30% rule)
10% Down Option
$72,904
+ PMI applies
Loan Amount (20% dn)
$583,234
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 Monkton, MD?
The median home value in Monkton is $729,043 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 Monkton?
Over the past year, home values in Monkton have increased by 2%. Over five years, prices have risen approximately 17.3%.
How much do I need to earn to buy a home in Monkton?
To comfortably afford the median home price of $729,043 with a 20% down payment ($145,809) at today's rates (6.8%), you'd need a gross annual income of approximately $193,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Monkton compare to the national average home price?
The national median home value is approximately $410,000. At $729,043, homes in Monkton are 78% above the national average.
What metro area is Monkton part of?
Monkton is part of the Baltimore-Columbia-Towson, MD metropolitan area. Home prices and market conditions can vary across the broader metro region.