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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 $145,497, lower than the Maryland average of $450,578.
The average cost of rent is $911/mo in Lonaconing, primarily driven by the current value of real estate in the Lonaconing area. In Lonaconing, 30.26% of households rent, and 63.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lonaconing is $5,062 per month. Households that rent pay about 18.00% of their income on rent here. Lonaconing’s most expensive areas are in the northern 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
- 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: less expensive homes
- Dogwood Flats, MD: less expensive homes
- Midlothian, MD: higher priced homes
- Frostburg, MD: higher priced homes
- Reynolds, MD: less expensive homes
Cities with Similar Populations
- Bangor, WI: higher priced homes
- New Miami, OH: equally 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: less expensive homes
- Rockwood, PA: equally priced homes
- Red Creek, NY: less expensive homes
- Puxico, MO: equally priced homes
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