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These days, finding an affordable place to live in the Edgewater area can be challenging. Home prices in Edgewater are now at a median cost of $544,206, higher than the Maryland average of $450,578.
The average cost of rent is $2,492/mo in Edgewater, primarily driven by the current value of real estate in the Edgewater area. In Edgewater, 13.13% of households rent, and 26.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Edgewater is $11,813 per month. Households that rent pay about 21.09% of their income on rent here. Edgewater’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Riva, MD: higher priced homes
- Mayo, MD: higher priced homes
- Parole, MD: equally priced homes
- Annapolis Neck, MD: higher priced homes
- Davidsonville, MD: higher priced homes
- Annapolis, MD: higher priced homes
- Highland Beach, MD: higher priced homes
- Harwood, MD: higher priced homes
- Galesville, MD: higher priced homes
- West River, MD: higher priced homes
Cities with Similar Populations
- Hazlehurst, GA: less expensive homes
- South Boston, VA: less expensive homes
- Soquel, CA: higher priced homes
- Somersworth, NH: less expensive homes
- Solana Beach, CA: higher priced homes
- Smithville, TN: less expensive homes
- Smithville, MO: less expensive homes
- Slippery Rock, PA: less expensive homes
- Highland Springs, VA: less expensive homes
- Hellertown, PA: less expensive homes
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