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Affordable
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These days, finding an affordable place to live in the Annapolis area can be challenging. Home prices in Annapolis are now at a median cost of $996,962, higher than the California average of $812,006.
The average cost of rent is $1,511/mo in Annapolis, primarily driven by the current value of real estate in the Annapolis area. In Annapolis, 25.76% of households rent, and 53.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Annapolis is $7,581 per month. Households that rent pay about 19.93% of their income on rent here. Annapolis’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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