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These days, finding an affordable place to live in the Mountain Lake Park area can be challenging. Home prices in Mountain Lake Park are now at a median cost of $234,105, lower than the Maryland average of $450,578.
The average cost of rent is $770/mo in Mountain Lake Park, primarily driven by the current value of real estate in the Mountain Lake Park area. In Mountain Lake Park, 29.50% of households rent, and 37.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mountain Lake Park is $5,317 per month. Households that rent pay about 14.49% of their income on rent here. Mountain Lake Park’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakland, MD: equally priced homes
- Loch Lynn Heights, MD: equally priced homes
- Deer Park, MD: less expensive homes
- Hutton, MD: equally priced homes
- Gortner, MD: less expensive homes
- McComas Beach, MD: higher priced homes
- Wilson, MD: higher priced homes
- Shallmar, MD: less expensive homes
- Hopemont, WV: less expensive homes
- Turner Douglass, WV: less expensive homes
Cities with Similar Populations
- Central City, IA: less expensive homes
- Canyonville, OR: higher priced homes
- Muir, CA: higher priced homes
- Pleasant Gap, PA: higher priced homes
- Pine Grove, FL: higher priced homes
- Pelham, NC: less expensive homes
- Parkside, PA: less expensive homes
- Owensville, OH: equally priced homes
- Oneida, WI: equally priced homes
- Rose Bud, AR: less expensive homes
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