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These days, finding an affordable place to live in the Bel Air area can be challenging. Home prices in Bel Air are now at a median cost of $355,317, lower than the Maryland average of $357,815.
The average cost of rent is $1,434/mo in Bel Air, primarily driven by the current value of real estate in the Bel Air area. While nearly 35.49% of residents own their homes outright in Bel Air, 21.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bel Air is $8,505 per month. Households that rent pay about 16.86% of their income on rent here. Bel Air's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Bel Air North, MD: equally priced homes
- Bel Air South, MD: less expensive homes
- Pleasant Hills, MD: higher priced homes
- Churchville, MD: equally priced homes
- Forest Hill, MD: higher priced homes
- Abingdon, MD: equally priced homes
- Joppa, MD: less expensive homes
- Riverside, MD: less expensive homes
- Belcamp, MD: less expensive homes
- Fallston, MD: higher priced homes
Cities with Similar Populations
- Chaparral, NM: less expensive homes
- Beech Grove, IN: less expensive homes
- Wilmington, OH: less expensive homes
- Whitewater, WI: less expensive homes
- Bellevue, WI: less expensive homes
- Bellingham, MA: equally priced homes
- Bennettsville, SC: less expensive homes
- White Center, WA: higher priced homes
- Westwood, MA: higher priced homes
- Webster, MA: equally priced homes
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