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These days, finding an affordable place to live in the Maryland area can be challenging. Home prices in Maryland are now at a median cost of $255,499, lower than the Illinois average of $300,242.
The average cost of rent is $891/mo in Maryland, primarily driven by the current value of real estate in the Maryland area. In Maryland, 23.49% of households rent, and 37.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Maryland is $7,594 per month. Households that rent pay about 11.73% of their income on rent here. Maryland’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Haldane, IL: equally priced homes
- Forreston, IL: less expensive homes
- Mount Morris, IL: less expensive homes
- Adeline, IL: less expensive homes
- Polo, IL: less expensive homes
- Stratford, IL: less expensive homes
- Leaf River, IL: less expensive homes
- Hazelhurst, IL: less expensive homes
- Harper, IL: equally priced homes
- Lightsville, IL: less expensive homes
Cities with Similar Populations
- Toddtown, AL: less expensive homes
- Vallecitos, NM: higher priced homes
- Vale, TN: less expensive homes
- Unionvale, OH: less expensive homes
- Union Springs, LA: less expensive homes
- Umber, MO: less expensive homes
- Ulmer, IA: less expensive homes
- Turkville, KS: less expensive homes
- Trojan, SD: higher priced homes
- Towee, TN: less expensive homes
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