Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Colonial Acres area can be challenging. Home prices in Colonial Acres are now at a median cost of $229,500, lower than the Maryland average of $357,815.
The average cost of rent is $1,716/mo in Colonial Acres, primarily driven by the current value of real estate in the Colonial Acres area. While nearly 17.58% of residents own their homes outright in Colonial Acres, 39.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in Colonial Acres is $5,453 per month. Households that rent pay about 31.47% of their income on rent here. Colonial Acres's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Elkton, MD: equally priced homes
- Elk Mills, MD: higher priced homes
- Glasgow, DE: higher priced homes
- Fair Hill, MD: equally priced homes
- North East, MD: higher priced homes
- Blueball, MD: higher priced homes
- Newark, DE: higher priced homes
- Brookside, DE: equally priced homes
- Charlestown, MD: higher priced homes
- Chesapeake City, MD: higher priced homes
Cities with Similar Populations
- Eden, MN: equally priced homes
- Ulmer, IA: less expensive homes
- Upper Exeter, PA: equally priced homes
- Ursine, NV: higher priced homes
- Eliasville, TX: less expensive homes
- Eldorado Center, TX: less expensive homes
- El Mirage, CA: less expensive homes
- Valcour, NY: less expensive homes
- Egeland, ND: less expensive homes
- Van Wert, GA: less expensive homes
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