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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 $435,767, lower than the Maryland average of $450,578.
The average cost of rent is $1,443/mo in Bel Air, primarily driven by the current value of real estate in the Bel Air area. In Bel Air, 28.73% of households rent, and 40.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bel Air is $9,250 per month. Households that rent pay about 15.60% of their income on rent here. Bel Air’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: less expensive homes
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