The Most Affordable Neighborhoods in Kemp Mill, MD by Home Value

 

Kemp Mill, MD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Kemp Mill area can be challenging. Home prices in Kemp Mill are now at a median cost of $589,976, higher than the Maryland average of $450,578.

The average cost of rent is $2,916/mo in Kemp Mill, primarily driven by the current value of real estate in the Kemp Mill area. In Kemp Mill, 16.91% of households rent, and 28.41% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Kemp Mill is $14,486 per month. Households that rent pay about 20.13% of their income on rent here. Kemp Mill’s most expensive areas are in the northern regions, while the cheapest areas are in the western 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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