Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lonaconing area can be challenging. Home prices in Lonaconing are now at a median cost of $101,848, lower than the Maryland average of $357,815.
The average cost of rent is $772/mo in Lonaconing, primarily driven by the current value of real estate in the Lonaconing area. While nearly 51.11% of residents own their homes outright in Lonaconing, 34.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lonaconing is $4,632 per month. Households that rent pay about 16.67% of their income on rent here. Lonaconing's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Midland, MD: equally priced homes
- Woodland, MD: higher priced homes
- Nikep, MD: less expensive homes
- Carlos, MD: higher priced homes
- Moscow, MD: higher priced homes
- Barton, MD: equally priced homes
- Dogwood Flats, MD: less expensive homes
- Midlothian, MD: higher priced homes
- Frostburg, MD: higher priced homes
- Reynolds, MD: higher priced homes
Cities with Similar Populations
- Bangor, WI: higher priced homes
- New Miami, OH: higher priced homes
- Bradford, AR: less expensive homes
- Penndel, PA: higher priced homes
- Silver Lake, OH: higher priced homes
- Shellsburg, IA: higher priced homes
- Sac City, IA: equally priced homes
- Rockwood, PA: higher priced homes
- Red Creek, NY: less expensive homes
- Puxico, MO: equally priced homes
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