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These days, finding an affordable place to live in the Edgewood area can be challenging. Home prices in Edgewood are now at a median cost of $240,252, lower than the Maryland average of $450,578.
The average cost of rent is $1,346/mo in Edgewood, primarily driven by the current value of real estate in the Edgewood area. In Edgewood, 27.80% of households rent, and 21.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Edgewood is $7,127 per month. Households that rent pay about 18.89% of their income on rent here. Edgewood’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gunpowder, MD: higher priced homes
- Joppatowne, MD: higher priced homes
- Joppa, MD: higher priced homes
- Abingdon, MD: higher priced homes
- Belcamp, MD: higher priced homes
- Riverside, MD: higher priced homes
- Harewood Park, MD: higher priced homes
- Upper Falls, MD: higher priced homes
- Oliver Beach, MD: higher priced homes
- Bel Air South, MD: higher priced homes
Cities with Similar Populations
- Willmar, MN: less expensive homes
- Barnegat, NJ: higher priced homes
- Basking Ridge, NJ: higher priced homes
- Bastrop, TX: higher priced homes
- Bay Point, CA: higher priced homes
- Beaver Falls, PA: less expensive homes
- Zebulon, NC: higher priced homes
- Zachary, LA: higher priced homes
- Yulee, FL: higher priced homes
- Winchester, MA: higher priced homes
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