Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Elkridge area can be challenging. Home prices in Elkridge are now at a median cost of $351,878, lower than the Maryland average of $357,815.
The average cost of rent is $1,973/mo in Elkridge, primarily driven by the current value of real estate in the Elkridge area. While nearly 27.04% of residents own their homes outright in Elkridge, 38.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in Elkridge is $9,329 per month. Households that rent pay about 21.15% of their income on rent here. Elkridge's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Ilchester, MD: higher priced homes
- Hanover, MD: higher priced homes
- Jessup, MD: less expensive homes
- Linthicum Heights, MD: equally priced homes
- Harmans, MD: equally priced homes
- Arbutus, MD: less expensive homes
- Annapolis Junction, MD: equally priced homes
- Savage, MD: equally priced homes
- Linthicum, MD: equally priced homes
- Catonsville, MD: equally priced homes
Cities with Similar Populations
- Owens Cross Roads, AL: less expensive homes
- Pendleton, OR: less expensive homes
- Pelham, AL: less expensive homes
- Parma Heights, OH: less expensive homes
- Park Forest, IL: less expensive homes
- Palmyra, PA: less expensive homes
- Palm Valley, FL: higher priced homes
- Palm River-Clair Mel, FL: less expensive homes
- Oxon Hill, MD: less expensive homes
- Perry, GA: less expensive homes
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