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These days, finding an affordable place to live in the Ellicott City area can be challenging. Home prices in Ellicott City are now at a median cost of $675,490, higher than the Maryland average of $450,578.
The average cost of rent is $2,345/mo in Ellicott City, primarily driven by the current value of real estate in the Ellicott City area. In Ellicott City, 27.60% of households rent, and 31.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ellicott City is $14,125 per month. Households that rent pay about 16.60% of their income on rent here. Ellicott City’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.
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