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📍 Parsonsburg, MD · Zillow ZHVI · July 2026

Average Home Price in
Parsonsburg, MD

Salisbury, MD-DE metro area · Wicomico County County

Median Home Value
$315,984
↑ 4.3% year-over-year
vs. National Median
$410,000
Parsonsburg is 23% below
Est. Monthly Payment
$1,648/mo
20% down · 6.8% rate
Income Needed
$84K
gross annual (30% rule)
Median Home Value
$315,984
↑ 4.3% year-over-year
Down Payment (20%)$63,197
Monthly P&I$1,648/mo
With Taxes & Ins.~$2,093/mo
Income Needed$83,720/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Parsonsburg, MD

The median home value in Parsonsburg, MD is $315,984 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and down 1.2% from two years prior.

Compared to the U.S. national median of $410,000, homes in Parsonsburg are priced23% below average. Parsonsburg is part of the Salisbury, MD-DE metro area.

Over the past five years, Parsonsburg home values have risen by approximately28.8%, reflecting strong long-term appreciation in this market.

City Comparison

Parsonsburg vs. National Median

🏠 Parsonsburg
$315,984
National Median
$410,000

At $315,984, homes in Parsonsburg cost 23% below the national median of $410,000. This makes Parsonsburg a relatively affordable market for buyers seeking value.

Affordability

What Does It Cost to Buy in Parsonsburg?

20% Down Payment
$63,197
on $315,984
Monthly P&I
$1,648/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,093/mo
incl. taxes & insurance
Income Needed
$83,720
gross annual (30% rule)
10% Down Option
$31,598
+ PMI applies
Loan Amount (20% dn)
$252,787
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 Parsonsburg, MD?
The median home value in Parsonsburg is $315,984 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in Parsonsburg?
Over the past year, home values in Parsonsburg have increased by 4.3%. Over five years, prices have risen approximately 28.8%.
How much do I need to earn to buy a home in Parsonsburg?
To comfortably afford the median home price of $315,984 with a 20% down payment ($63,197) at today's rates (6.8%), you'd need a gross annual income of approximately $83,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Parsonsburg compare to the national average home price?
The national median home value is approximately $410,000. At $315,984, homes in Parsonsburg are 23% below the national average.
What metro area is Parsonsburg part of?
Parsonsburg is part of the Salisbury, MD-DE metropolitan area. Home prices and market conditions can vary across the broader metro region.