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These days, finding an affordable place to live in the Faulkner area can be challenging. Home prices in Faulkner are now at a median cost of $502,552, higher than the Maryland average of $450,578.
The average cost of rent is $1,249/mo in Faulkner, primarily driven by the current value of real estate in the Faulkner area. In Faulkner, 5.83% of households rent, and 25.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Faulkner is $12,464 per month. Households that rent pay about 10.02% of their income on rent here. Faulkner’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
- Newport, MD: higher priced homes
- Bel Alton, MD: equally priced homes
- Wicomico, MD: equally priced homes
- Popes Creek, MD: less expensive homes
- Ryceville, MD: equally priced homes
- Port Tobacco Village, MD: equally priced homes
- La Plata, MD: less expensive homes
- Newburg, MD: equally priced homes
- Port Tobacco, MD: equally priced homes
- Charlotte Hall, MD: less expensive homes
Cities with Similar Populations
- Sea Bright, NJ: higher priced homes
- Ethel, MS: less expensive homes
- Feura Bush, NY: less expensive homes
- Flushing, OH: less expensive homes
- Fort Defiance, VA: less expensive homes
- Fort Montgomery, NY: less expensive homes
- Fort Supply, OK: less expensive homes
- Foyil, OK: less expensive homes
- Gay, GA: less expensive homes
- Gettysburg, SD: less expensive homes
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