The Most Affordable Neighborhoods in Gwynn Oak, MD by Home Value

 

Gwynn Oak, MD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gwynn Oak area can be challenging. Home prices in Gwynn Oak are now at a median cost of $280,993, lower than the Maryland average of $450,578.

The average cost of rent is $1,129/mo in Gwynn Oak, primarily driven by the current value of real estate in the Gwynn Oak area. In Gwynn Oak, 46.62% of households rent, and 31.17% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gwynn Oak is $5,295 per month. Households that rent pay about 21.32% of their income on rent here. Gwynn Oak’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern 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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