Market Overview
Home Prices in Princess Anne, MD
The median home value in Princess Anne, MD is $230,342 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Princess Anne are priced44% below average. Princess Anne is part of the Salisbury, MD-DE metro area.
Over the past five years, Princess Anne home values have risen by approximately33.0%, reflecting strong long-term appreciation in this market.
Price History
Princess Anne Home Price Trend
City Comparison
Princess Anne vs. National Median
At $230,342, homes in Princess Anne cost 44% below the national median of $410,000. This makes Princess Anne a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Princess Anne?
20% Down Payment
$46,068
on $230,342
Monthly P&I
$1,201/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,525/mo
incl. taxes & insurance
Income Needed
$61,000
gross annual (30% rule)
10% Down Option
$23,034
+ PMI applies
Loan Amount (20% dn)
$184,274
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 Princess Anne, MD?
The median home value in Princess Anne is $230,342 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Princess Anne?
Over the past year, home values in Princess Anne have increased by 4.1%. Over five years, prices have risen approximately 33.0%.
How much do I need to earn to buy a home in Princess Anne?
To comfortably afford the median home price of $230,342 with a 20% down payment ($46,068) at today's rates (6.8%), you'd need a gross annual income of approximately $61,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Princess Anne compare to the national average home price?
The national median home value is approximately $410,000. At $230,342, homes in Princess Anne are 44% below the national average.
What metro area is Princess Anne part of?
Princess Anne is part of the Salisbury, MD-DE metropolitan area. Home prices and market conditions can vary across the broader metro region.