The Most Affordable Neighborhoods in New Carrollton, MD by Home Value

 

New Carrollton, MD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Carrollton area can be challenging. Home prices in New Carrollton are now at a median cost of $286,253, lower than the Maryland average of $357,815.

The average cost of rent is $1,681/mo in New Carrollton, primarily driven by the current value of real estate in the New Carrollton area. While nearly 33.18% of residents own their homes outright in New Carrollton, 55.58% rent.

Housing affordability isn’t just about home prices, though. The average household income in New Carrollton is $6,322 per month. Households that rent pay about 26.59% of their income on rent here. New Carrollton's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.


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