Mortgage Rates in Glen Burnie, Maryland — March 2026
Updated March 2026 | Based on Glen Burnie market data and regional lending conditions
Glen Burnie is a growing city in Maryland with a population of 69,969. The current 30-year fixed mortgage rate in Glen Burnie is 6.88%, which is 0.23% above the national average. With a median home price of $384,000 and a 20% down payment of $76,800, homebuyers can expect a monthly principal and interest payment of approximately $2,019.
Current Mortgage Rates in Glen Burnie, MD
Below are the current average mortgage rates available in the Glen Burnie area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Glen Burnie Housing Market Overview
The Glen Burnie housing market reflects moderate demand with prices near the national average. The median household income in Glen Burnie is $90,900, and the cost of living index is 108.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $101,743 to comfortably afford the median-priced home in Glen Burnie, which exceeds the current median household income.
Monthly Payment Breakdown for Glen Burnie
Based on the median home price of $384,000 with 20% down ($76,800), here is what you can expect to pay monthly in Glen Burnie:
15-Year vs. 30-Year Mortgage in Glen Burnie
Choosing a 15-year mortgage in Glen Burnie at 6.09% instead of a 30-year at 6.88% would save you $257,580 in total interest over the life of the loan. However, your monthly payment would be $2,607 instead of $2,019 — an increase of $588 per month.
Calculate Your Glen Burnie Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Glen Burnie
What are the current mortgage rates in Glen Burnie, MD?
As of March 2026, the average 30-year fixed mortgage rate in Glen Burnie, Maryland is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Glen Burnie?
Based on the median home price of $384,000 with 20% down, the estimated monthly mortgage payment in Glen Burnie is $2,019 for principal and interest. Including property taxes of $355/month, the total monthly housing cost is approximately $2,374.
What income do I need to buy a home in Glen Burnie?
Using the 28% rule, you would need an annual income of approximately $101,743 to afford the median-priced home in Glen Burnie at $384,000. The median household income in Glen Burnie is $90,900. This means most households would need to either earn above the median or consider homes below $384,000.
Is Glen Burnie a good place to buy a home in 2026?
Glen Burnie has a moderate cost of living with a cost of living index of 108.8 (national average = 100). The property tax rate in Maryland is 1.11%, which is near the national average. Glen Burnie has a population of 69,969 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Glen Burnie, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.