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These days, finding an affordable place to live in the Damascus area can be challenging. Home prices in Damascus are now at a median cost of $521,306, higher than the Maryland average of $450,578.
The average cost of rent is $1,833/mo in Damascus, primarily driven by the current value of real estate in the Damascus area. In Damascus, 10.26% of households rent, and 27.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Damascus is $12,673 per month. Households that rent pay about 14.46% of their income on rent here. Damascus’s most expensive areas are in the southeastern 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
- Clarksburg, MD: higher priced homes
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- Germantown, MD: less expensive homes
- Mount Airy, MD: higher priced homes
- Urbana, MD: higher priced homes
- Gaithersburg, MD: equally priced homes
Cities with Similar Populations
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- North Branch, MN: less expensive homes
- North Bend, OR: less expensive homes
- North Auburn, CA: higher priced homes
- Newport, MI: less expensive homes
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