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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 $623,463, higher than the Maryland average of $450,578.
The average cost of rent is $2,015/mo in Annapolis, primarily driven by the current value of real estate in the Annapolis area. In Annapolis, 30.74% of households rent, and 30.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Annapolis is $11,453 per month. Households that rent pay about 17.59% of their income on rent here. Annapolis’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Parole, MD: less expensive homes
- Annapolis Neck, MD: higher priced homes
- Highland Beach, MD: higher priced homes
- Edgewater, MD: less expensive homes
- Arnold, MD: equally priced homes
- Cape St. Claire, MD: less expensive homes
- Riva, MD: equally priced homes
- Mayo, MD: equally priced homes
- Crownsville, MD: higher priced homes
- Gibson Island, MD: higher priced homes
Cities with Similar Populations
- Miami Beach, FL: higher priced homes
- Hollister, CA: higher priced homes
- Chambersburg, PA: less expensive homes
- Plainfield, NJ: less expensive homes
- Crestview, FL: less expensive homes
- Oak Park, IL: less expensive homes
- Hialeah Gardens, FL: less expensive homes
- Friendswood, TX: less expensive homes
- Four Corners, FL: less expensive homes
- Fairfield, CT: higher priced homes
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