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Affordable
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These days, finding an affordable place to live in the Eldersburg area can be challenging. Home prices in Eldersburg are now at a median cost of $493,593, higher than the Maryland average of $450,578.
The average cost of rent is $1,691/mo in Eldersburg, primarily driven by the current value of real estate in the Eldersburg area. In Eldersburg, 11.23% of households rent, and 27.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Eldersburg is $11,916 per month. Households that rent pay about 14.19% of their income on rent here. Eldersburg’s most expensive areas are in the western 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
- Flohrville, MD: equally priced homes
- Sykesville, MD: higher priced homes
- Marriottsville, MD: higher priced homes
- Cooksville, MD: higher priced homes
- Finksburg, MD: equally priced homes
- Woodstock, MD: higher priced homes
- Woodbine, MD: higher priced homes
- Reisterstown, MD: less expensive homes
- Randallstown, MD: less expensive homes
- Owings Mills, MD: less expensive homes
Cities with Similar Populations
- Jefferson, GA: less expensive homes
- Marquette, MI: less expensive homes
- Lisle, IL: less expensive homes
- Leland, NC: less expensive homes
- Lapeer, MI: less expensive homes
- Kirkwood, MO: equally priced homes
- Kingsville, TX: less expensive homes
- King of Prussia, PA: equally priced homes
- Kihei, HI: higher priced homes
- Jonesborough, TN: less expensive homes
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