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 $215,751, lower than the Maryland average of $357,815.

The average cost of rent is $1,073/mo in Gwynn Oak, primarily driven by the current value of real estate in the Gwynn Oak area. While nearly 47.04% of residents own their homes outright in Gwynn Oak, 52.94% rent.

Housing affordability isn’t just about home prices, though. The average household income in Gwynn Oak is $4,601 per month. Households that rent pay about 23.32% of their income on rent here. Gwynn Oak's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.


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