
Expensive
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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 $450,578, higher than the the United States average of $419,293.
The average cost of rent is $1,869/mo in Maryland, primarily driven by the current value of real estate in the Maryland area. In Maryland, 32.39% of households rent, and 29.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Maryland is $9,832 per month. Households that rent pay about 19.01% of their income on rent here. Maryland’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
- District of Columbia: higher priced homes
- Delaware: less expensive homes
- Pennsylvania: less expensive homes
- Virginia: equally priced homes
- New Jersey: higher priced homes
- West Virginia: less expensive homes
- New York: higher priced homes
- Connecticut: equally priced homes
- North Carolina: less expensive homes
- Rhode Island: equally priced homes
States with Similar Populations
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