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These days, finding an affordable place to live in the Hampstead area can be challenging. Home prices in Hampstead are now at a median cost of $396,620, lower than the Maryland average of $450,578.
The average cost of rent is $1,267/mo in Hampstead, primarily driven by the current value of real estate in the Hampstead area. In Hampstead, 14.15% of households rent, and 25.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hampstead is $9,911 per month. Households that rent pay about 12.79% of their income on rent here. Hampstead’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Upperco, MD: higher priced homes
- Manchester, MD: equally priced homes
- Melrose, MD: higher priced homes
- Finksburg, MD: higher priced homes
- Westminster, MD: equally priced homes
- Freeland, MD: higher priced homes
- Parkton, MD: higher priced homes
- Glyndon, MD: higher priced homes
- Hobart, PA: less expensive homes
- Glenville, PA: less expensive homes
Cities with Similar Populations
- Albertville, MN: equally priced homes
- Allouez, WI: less expensive homes
- Arbutus, MD: less expensive homes
- Ardmore, PA: higher priced homes
- Artondale, WA: higher priced homes
- Atmore, AL: less expensive homes
- Adjuntas, PR: less expensive homes
- Penuelas, PR: less expensive homes
- Ottawa, KS: less expensive homes
- Overland, MO: less expensive homes
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