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These days, finding an affordable place to live in the Monkton area can be challenging. Home prices in Monkton are now at a median cost of $641,326, higher than the Maryland average of $450,578.
The average cost of rent is $1,446/mo in Monkton, primarily driven by the current value of real estate in the Monkton area. In Monkton, 3.65% of households rent, and 40.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Monkton is $11,615 per month. Households that rent pay about 12.45% of their income on rent here. Monkton’s most expensive areas are in the southern 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
- Hereford, MD: less expensive homes
- Sparks Glencoe, MD: less expensive homes
- Phoenix, MD: equally priced homes
- White Hall, MD: less expensive homes
- Parkton, MD: less expensive homes
- Jarrettsville, MD: less expensive homes
- Baldwin, MD: equally priced homes
- Cockeysville, MD: less expensive homes
- Fallston, MD: less expensive homes
- Hydes, MD: less expensive homes
Cities with Similar Populations
- Franklin, GA: less expensive homes
- Follansbee, WV: less expensive homes
- Fordyce, AR: less expensive homes
- Forest City, IA: less expensive homes
- Spooner, WI: less expensive homes
- Forest Hills, TN: higher priced homes
- Fort Mc Coy, FL: less expensive homes
- Fort Rucker, AL: less expensive homes
- Fort Shawnee, OH: less expensive homes
- Foster, RI: less expensive homes
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