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These days, finding an affordable place to live in the Aspen Hill area can be challenging. Home prices in Aspen Hill are now at a median cost of $536,767, higher than the Maryland average of $450,578.
The average cost of rent is $2,484/mo in Aspen Hill, primarily driven by the current value of real estate in the Aspen Hill area. In Aspen Hill, 34.02% of households rent, and 31.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Aspen Hill is $10,661 per month. Households that rent pay about 23.30% of their income on rent here. Aspen Hill’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Glenmont, MD: equally priced homes
- Wheaton, MD: equally priced homes
- Kensington, MD: higher priced homes
- North Bethesda, MD: higher priced homes
- Garrett Park, MD: higher priced homes
- Rockville, MD: higher priced homes
- Olney, MD: higher priced homes
- Cloverly, MD: higher priced homes
- Derwood, MD: higher priced homes
- Colesville, MD: higher priced homes
Cities with Similar Populations
- West Chester, OH: less expensive homes
- Potomac, MD: higher priced homes
- Hoffman Estates, IL: less expensive homes
- Plainfield, NJ: less expensive homes
- Redford, MI: less expensive homes
- Aloha, OR: equally priced homes
- Covington, LA: less expensive homes
- Chambersburg, PA: less expensive homes
- West Sacramento, CA: equally priced homes
- Apache Junction, AZ: less expensive homes
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