The Most Affordable Neighborhoods in Garrett Park, MD by Home Value

 

Garrett Park, MD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Garrett Park area can be challenging. Home prices in Garrett Park are now at a median cost of $648,071, higher than the Maryland average of $450,578.

The average cost of rent is $2,563/mo in Garrett Park, primarily driven by the current value of real estate in the Garrett Park area. In Garrett Park, 32.52% of households rent, and 27.36% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Garrett Park is $14,212 per month. Households that rent pay about 18.03% of their income on rent here. Garrett Park’s most expensive areas are in the central 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.


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