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These days, finding an affordable place to live in the Essex area can be challenging. Home prices in Essex are now at a median cost of $269,221, lower than the Maryland average of $450,578.
The average cost of rent is $1,474/mo in Essex, primarily driven by the current value of real estate in the Essex area. In Essex, 37.28% of households rent, and 29.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Essex is $6,501 per month. Households that rent pay about 22.68% of their income on rent here. Essex’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Middle River, MD: equally priced homes
- Rossville, MD: higher priced homes
- Bowleys Quarters, MD: higher priced homes
- Rosedale, MD: equally priced homes
- Dundalk, MD: less expensive homes
- Overlea, MD: equally priced homes
- Nottingham, MD: equally priced homes
- Edgemere, MD: higher priced homes
- Dundee Village, MD: higher priced homes
- White Marsh, MD: higher priced homes
Cities with Similar Populations
- Burlington, VT: higher priced homes
- Elmwood Park, IL: higher priced homes
- Dunedin, FL: higher priced homes
- Golden, CO: higher priced homes
- Gonzales, LA: equally priced homes
- Clifton Park, NY: higher priced homes
- Chatsworth, CA: higher priced homes
- Bullhead City, AZ: less expensive homes
- Buda, TX: higher priced homes
- Brooksville, FL: equally priced homes
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