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These days, finding an affordable place to live in the 21040 area can be challenging. Home prices in 21040 are now at a median cost of $241,629, lower than the Maryland average of $450,578.
The average cost of rent is $1,347/mo in 21040, primarily driven by the current value of real estate in the 21040 area. In 21040, 27.79% of households rent, and 21.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 21040 is $7,131 per month. Households that rent pay about 18.88% of their income on rent here. 21040’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 21010, MD: higher priced homes
- 21085, MD: higher priced homes
- 21009, MD: higher priced homes
- 21017, MD: higher priced homes
- 21156, MD: higher priced homes
- 21130, MD: higher priced homes
- 21087, MD: higher priced homes
- 21162, MD: higher priced homes
- 21015, MD: higher priced homes
- 21128, MD: higher priced homes
Zip Codes with Similar Populations
- 06877, CT: higher priced homes
- 08087, NJ: higher priced homes
- 08742, NJ: higher priced homes
- 11010, NY: higher priced homes
- 11552, NY: higher priced homes
- 15090, PA: higher priced homes
- 90274, CA: higher priced homes
- 48506, MI: less expensive homes
- 55025, MN: higher priced homes
- 60053, IL: higher priced homes
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