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These days, finding an affordable place to live in the Cobb Island area can be challenging. Home prices in Cobb Island are now at a median cost of $247,078, lower than the Maryland average of $450,578.
The average cost of rent is $1,216/mo in Cobb Island, primarily driven by the current value of real estate in the Cobb Island area. In Cobb Island, 0.08% of households rent, and 6.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cobb Island is $8,671 per month. Households that rent pay about 14.02% of their income on rent here. Cobb Island’s most expensive areas are in the northwestern 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.
Nearby Cities
- Rock Point, MD: higher priced homes
- Longview Beach, MD: higher priced homes
- Bushwood, MD: higher priced homes
- Issue, MD: higher priced homes
- Coltons Point, MD: higher priced homes
- Avenue, MD: higher priced homes
- Abell, MD: higher priced homes
- Mount Victoria, MD: higher priced homes
- Chaptico, MD: higher priced homes
- Colonial Beach, VA: higher priced homes
Cities with Similar Populations
- Ridgeway, MO: less expensive homes
- New Plymouth, OH: equally priced homes
- Pleasant Grove, CA: higher priced homes
- Polkville, MS: less expensive homes
- Pottersville, MO: less expensive homes
- Prescott, WA: equally priced homes
- Presque Isle, WI: higher priced homes
- Ragland, WV: less expensive homes
- Ravia, OK: less expensive homes
- Red Valley, AZ: less expensive homes
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