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These days, finding an affordable place to live in the Newburg area can be challenging. Home prices in Newburg are now at a median cost of $457,431, higher than the Maryland average of $450,578.
The average cost of rent is $1,210/mo in Newburg, primarily driven by the current value of real estate in the Newburg area. In Newburg, 27.53% of households rent, and 37.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Newburg is $8,144 per month. Households that rent pay about 14.86% of their income on rent here. Newburg’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Victoria, MD: equally priced homes
- Popes Creek, MD: less expensive homes
- Issue, MD: higher priced homes
- Wicomico, MD: equally priced homes
- Dahlgren, VA: equally priced homes
- Newport, MD: higher priced homes
- Faulkner, MD: higher priced homes
- Chaptico, MD: equally priced homes
- Rock Point, MD: higher priced homes
- Cobb Island, MD: less expensive homes
Cities with Similar Populations
- Baudette, MN: less expensive homes
- Big Bear, CA: equally priced homes
- Cowarts, AL: less expensive homes
- Mount Zion, GA: less expensive homes
- Seven Hills, AL: less expensive homes
- Scotts Hill, TN: less expensive homes
- Romulus, NY: less expensive homes
- Richfield, PA: less expensive homes
- Rainelle, WV: less expensive homes
- Perrinton, MI: less expensive homes
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