In Savage, a typical home is worth $424,300 and typical rent is $2,053 a month. Compared with all of Howard County, the typical home value is 29% lower, typical household income is 22% lower, and the share of households that own their home is 13 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $502,947 to $579,511.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Savage is in Howard County. The FHA loan limit ($747,500 for a one-unit home), the fair market rents and the help on this page are those of all of Howard County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Savage is worth $424,300,29% less than in Howard County as a whole ($597,900).
2
59% of households in Savage own their home, against 71% in Howard County.
3
The typical household income in Savage is $116,895,22% less than in Howard County as a whole ($149,763).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Savage
What homes there are in Savage, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Savage
Howard County
Maryland
United States
Kind of home: Savage and its comparisons
Measure
Savage
Howard County
Maryland
United States
Detached house
47%
50%
51%
61%
Attached house
22%
22%
21%
6%
Building of 2 to 4
Unreliable estimate
2%
4%
8%
Apartments (5 or more)
Unreliable estimate
25%
23%
19%
Mobile home
Unreliable estimate
1%
1%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
No kind of home is the majority in Savage; the largest group, detached houses, adds up to 47%, near the figure in Howard County (50%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Savage
Howard County
Maryland
United States
Year built: Savage and its comparisons
Measure
Savage
Howard County
Maryland
United States
Before 1960
27%
6%
26%
26%
1960–1979
Unreliable estimate
24%
25%
24%
1980–1999
51%
42%
28%
25%
2000–2009
Unreliable estimate
14%
12%
14%
2010 or later
Unreliable estimate
15%
9%
11%
Homes in Savage are older: the typical year built is 1983; in Howard County, 1989.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K58%
$500K–$750K27%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Savage and its comparisons
Measure
Savage
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
58%
$500K–$750K
27%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,99936%
$2,000–$2,49942%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Savage and its comparisons
Measure
Savage
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
36%
$2,000–$2,499
42%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,596 a month
Howard County: $3,021 a month
Without a mortgage
$813 a month
Howard County: $1,044 a month
Owners with a mortgage
86%
Howard County: 72%
In Savage, 86% of owners have a mortgage, and their typical cost is $2,596 a month, against $3,021 in Howard County. Without one it drops to $813.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Savage+26%
Howard County+31%
Maryland+33%
United States+53%
Typical rent
Savage+51%
Howard County+22%
Maryland+23%
United States+33%
Typical household income
SavageNo clear change
Howard County+24%
Maryland+22%
United States+29%
Change since 2015–2019: Savage and its comparisons
Measure
Savage
Howard County
Maryland
United States
Typical home value
+26%
+31%
+33%
+53%
Typical rent
+51%
+22%
+23%
+33%
Typical household income
No clear change
+24%
+22%
+29%
From 2015–2019 to 2020–2024, the typical home value in Savage rose 26%; in Howard County, it rose 31%.
Rents in Savage rose faster than in Howard County: 51% since 2015–2019, against 22%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Savage and its comparisons
Measure
Savage
Howard County
Maryland
United States
Rental vacancy
Unreliable estimate
5.3%
4.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.8%
2.5%
3.4%
People per household
2.74
2.76
2.57
2.53
Drive alone
77%
65%
65%
69%
Carpool
Unreliable estimate
5%
8%
9%
Public transit
Unreliable estimate
2%
4%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
18%
26%
19%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Savage look like those in Howard County: 2.74 people on average.
To get to work, 77% of workers in Savage drive alone; in Howard County, 65%.
Do the math
What would you pay each month for a home in Savage?
A typical home costs more than the typical income allows
We start with a typical home in Savage, worth $424,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Savage, which is $116,895 a year. For that payment to be 28% of income, a household would need to earn about $155,972 a year.
The calculator's FHA and conventional loan limits are those of all of Howard County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Savage. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $14,851 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,639
at 7.18% · 30 years
Loan amount
$416,614
Total interest
$599,410
Paid off in
November 2056
Includes $7,165 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,728 a month
Tight
$2,728 to $3,507 a month
Hard
more than $3,507 a month
Your payment · 37%
Compared with the typical household income in Savage ($116,895 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,822
Property tax
$453
Home insurance
$177
FHA mortgage insurance (MIP)
$188
You need at least $14,851 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $3,639; principal and interest $2,822.
The city and its county
Savage and Howard County
Savage is in Howard County, Maryland. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Savage
Map of Howard County, Maryland, with Savage marked. Around it, the neighboring counties.
Savage
Howard County
Other cities with a page
Savage's own numbers
Typical home value
$424,300
Typical monthly rent
$2,053
Typical yearly household income
$116,895
Households that own their home
59%
Effective property tax rate
1.28%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Howard County
FHA limit, one-unit home
$747,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,006
Price change over 5 years (FHFA)
+40%
Homes in a high flood-risk zone
0.3%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Howard County.
A typical home in Savage is worth $424,300: 29% below the county and about the same as Maryland. With the typical household income in Savage ($116,895 a year), a typical home costs 3.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Savage3.6 years
Howard4.0 years
Maryland4.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Howard County
According to FHFA’s house price index, home prices in Howard County rose 53% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Howard County.
Yearly change in FHFA’s price index in Howard County, 2016 to 2025
2016: +1.7% +1.7% 2016
2017: +2.0% +2.0% 2017
2018: +1.8% +1.8% 2018
2019: +1.9% +1.9% 2019
2020: +1.6% +1.6% 2020
2021: +7.5% +7.5% 2021
2022: +11.6% +11.6% 2022
2023: +7.4% +7.4% 2023
2024: +6.3% +6.3% 2024
2025: +2.0% +2.0% 2025
Change in FHFA’s price index in Howard County, Maryland and the United States
Period
County
Maryland
U.S.
Last year (2025)
+2.0%
+2.7%
+2.9%
5 years (2020–2025)
+40%
+40%
+47%
10 years (2015–2025)
+53%
+60%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Savage next to Howard County, Maryland and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Savage$424,300
Howard$597,900
Maryland$419,900
United States$332,700
Typical monthly rent
Savage$2,053
Howard$2,099
Maryland$1,705
United States$1,413
Typical yearly household income
Savage$116,895
Howard$149,763
Maryland$103,678
United States$80,734
See the full table
Savage next to Howard County and Maryland
Measure
Savage
Howard County
Maryland
U.S.
Typical home value
$424,300 ▼29% below the county
$597,900
$419,900
$332,700
Typical monthly rent
$2,053 ▼2% below the county
$2,099
$1,705
$1,413
Typical yearly household income
$116,895 ▼22% below the county
$149,763
$103,678
$80,734
Households that own their home
59% ▼13 points below the county
71%
68%
65%
Typical yearly property tax
$5,452 ▼22% below the county
$6,987
$4,093
$3,119
Effective property tax rate
1.28% ▲0.11 points above the county
1.17%
0.97%
0.94%
Renters with high rent for their income
43% ▼4 points below the county
48%
51%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Howard County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Savage
For a typical $424,300 home in Savage, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Savage's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,639a month
Least cash to close
Down payment
$14,851
Cash to close
$27,580
Rate
7.18%
Mortgage insurance
FHA MIP · $188
Conventional, 5% down$3,562a month
Down payment
$21,215
Cash to close
$33,944
Rate
7.18%
Mortgage insurance
PMI · $202
Conventional, 20% down, no PMI$2,929a month
Down payment
$84,860
Cash to close
$97,589
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$3,321a month
Down payment
$63,645
Cash to close
$76,374
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Savage
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,639
$14,851
$416,615
7.18%
FHA MIP · $188
$27,580
580
Conventional, 5% down
$3,562
$21,215
$403,085
7.18%
PMI · $202
$33,944
620*
Conventional, 20% down, no PMI
$2,929
$84,860
$339,440
7.18%
None
$97,589
620*
ITIN, 15% down (example)
$3,321
$63,645
$360,655
8.18%
None
$76,374
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Savage and for Howard County.
Property tax
Effective rate in Savage
1.28%of the home’s value each year
$5,452 a year for the typical owner in Savage.
Savage1.28%
Howard1.17%
Maryland0.97%
What Maryland publishesHomestead tax credit (cap on yearly assessment increases) (Maryland General Assembly (Annotated Code of Maryland, Tax-Property Article))
Typical rent in Savage is $2,053 a month: 2% below the county. In Savage, 43% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Howard County, by unit size. To pay the 2-bedroom one ($2,006 a month) without spending more than 30% of your income, you would need to earn $38.58 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Howard County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,523
$29.29
$60,920
1 bedroom
$1,625
$31.25
$65,000
2 bedrooms
$2,006
$38.58
$80,240
3 bedrooms
$2,509
$48.25
$100,360
4 bedrooms
$2,789
$53.63
$111,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Savage
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Savage has 2 ZIP codes with their own.
For 2 bedrooms it runs from $2,520 in 20794 to $2,530 in 20763.
2 of the 2 are above the fair market rent for Howard County ($2,006).
Fair market rent by ZIP code and size in Savage, fiscal year 2027.
20763
$1,920
$2,050
$2,530
$3,160
$3,520
20794
$1,910
$2,040
$2,520
$3,150
$3,500
ZIP code2 bd3 bd
20763 $2,530$3,160
20794 $2,520$3,150
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Savage when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Howard County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Savage or Howard County. The ones below are statewide in Maryland: they work in Savage the same as in the rest of the state.
Maryland Mortgage Program mortgages for first-time buyers, with a deferred 0% second mortgage for the down payment: $6,000, or 3%, 4% or 5% of the loan.Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).
Maryland Mortgage Program mortgages for first-time buyers and for people who have owned a home before; Flex 6000 brings $6,000 and Flex 3% brings 3% of the loan for the down payment, as a deferred 0% second loan.Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).
Maryland Mortgage Program loan of up to 15% of the price (maximum $25,000) to pay off your student debt when you buy a home; no interest or monthly payments, and forgiven after five years if you stay in the home.Offered by Maryland Mortgage Program (Maryland Department of Housing and Community Development).
No legal help resource on our list is for Savage or Howard County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Savage and all of Howard County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Savage?
The typical home value in Savage is $424,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Howard County it is $597,900.
How much does it cost to rent in Savage?
Typical rent in Savage is $2,053 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Howard County is $2,006.
What is the FHA loan limit in Savage?
Savage uses the FHA limit for all of Howard County (2026): $747,500 for a one-unit home and $1,437,500 for a four-unit home.
How much property tax do owners pay in Savage?
The typical homeowner in Savage pays $5,452 a year, according to the U.S. Census Bureau. That is 1.28% of the home’s value; in Howard County, the rate is 1.17%.
Where can I find free help to buy or rent in Savage?
We found no HUD-approved counseling agencies with an office in Howard County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
