What Does It Cost to Buy a Home in Hyattsville, MD in 2026? Prices, Taxes, and Buyer Costs Explained
If you’re considering buying a home in Hyattsville, MD — just outside Washington, D.C. — it’s smart to understand the full cost of purchase. In 2025 the market offers good opportunities, but there are several components beyond the listing price that you’ll want to budget for.
Median Home Price
According to recent data, the median home sold price in Hyattsville is around $436,000. Property Navigator+3Redfin+3Realtor+3 For instance, one source reports a median sale price of $436,000 in September 2025. Redfin According to Zillow, the average home value is about $410,000. Zillow+1 Given this, many buyers might assume a target around $400k-$450k for a typical single-family or townhome in Hyattsville.
Down Payment
While down payment requirements vary depending on loan type, lender and buyer profile, a common guideline is 10-20% of the purchase price for conventional loans. At a $440,000 home, 20% down would be about $88,000, while 10% would be about $44,000. Some first-time buyer programs may allow less, but you’ll want to factor this into your budget.
Closing Costs
In Maryland, typical buyer closing costs range from 2% to 5% of the home’s purchase price. Houzeo+2Redfin+2 That means on a $440,000 purchase you could pay $8,800 to $22,000 in closing costs. These fees cover things like loan origination, appraisal, title insurance, recording fees, and other settlement costs. It’s wise to ask your lender for a full “Closing Disclosure” early so you can plan accordingly.
Property Taxes & Local Taxes
In Prince George’s County (which includes Hyattsville) the average effective property tax rate is about 1.19% of assessed value. SmartAsset+1 For a house assessed at $440,000, this works out to roughly $5,200 per year. Additionally, the City of Hyattsville imposes a separate real property tax rate of about $0.63 per $100 of assessed value. Hyattsville So you’ll want to add the city portion and county portion when estimating your annual tax burden.
Other Costs to Consider
Beyond the listing price, down payment and immediate closing costs, budget for:
Homeowners insurance and possibly private mortgage insurance (PMI) if your down payment is under 20%.
Ongoing maintenance, utilities and potential homeowner association (HOA) fees if applicable.
Potential first-year “prepaid” items at closing (property taxes, prorated dues, etc.).
Moving costs and any immediate updates you might want to make to personalize the home.
Why Hyattsville Still Offers Value
Given the proximity to Washington, D.C., strong neighborhood amenities and upcoming infrastructure (such as the future light rail line through Hyattsville), buyers can benefit from the location while paying less than many D.C. or Montgomery County suburbs. With median home prices around the $430k-$450k mark and full cost of purchase (down payment + closing + taxes + other costs) considered, homeownership in Hyattsville remains comparatively affordable for the region.
Bottom Line
If you’re budgeting to buy in Hyattsville in 2025, plan for a purchase price around $430k-$450k, a down payment ranging from $44k to $88k (depending on loan and program), closing costs approximately $9k to $22k, and annual property taxes of about $5k+. It’s quite feasible — especially when you factor in the lifestyle benefits and value you’ll get in this neighborhood just outside D.C.
If you’d like a customized cost-calculator or a review of different loan programs (first-time buyer, VA, FHA) for Hyattsville homes, I’d be happy to prepare one for you.