A typical Smith Island home is worth roughly $109,000
What kind of housing town is Smith Island?
Read from the numbers below. The page puts what stands out first.
What it takes to buy in Smith Island
Try your own numbers below.
That covers a typical Smith Island home, with $292K to spare.
A two-bedroom rents for about $1,170 a month here, $510 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Maryland typical property tax (0.97% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
83% of Smith Island households own their home
Half of Smith Island’s homes were built before 1947.
Maryland: 68% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,170
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Somerset County, MD HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Neighbors talk housing
What Smith Island buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.