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These days, finding an affordable place to live in the Owings area can be challenging. Home prices in Owings are now at a median cost of $612,782, higher than the Maryland average of $450,578.
The average cost of rent is $1,845/mo in Owings, primarily driven by the current value of real estate in the Owings area. In Owings, 6.16% of households rent, and 18.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Owings is $14,198 per month. Households that rent pay about 12.99% of their income on rent here. Owings’s most expensive areas are in the southwestern 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
- Dunkirk, MD: equally priced homes
- Sunderland, MD: less expensive homes
- Friendship, MD: less expensive homes
- Lower Marlboro, MD: equally priced homes
- North Beach, MD: less expensive homes
- Chesapeake Beach, MD: less expensive homes
- Tracys Landing, MD: less expensive homes
- Pindell, MD: less expensive homes
- Huntingtown, MD: less expensive homes
- Baden, MD: equally priced homes
Cities with Similar Populations
- Lake Lorraine, FL: less expensive homes
- Richfield, OH: less expensive homes
- Rib Mountain, WI: less expensive homes
- Rescue, CA: higher priced homes
- Resaca, GA: less expensive homes
- Lamar, MO: less expensive homes
- Lake Worth, TX: less expensive homes
- Lake Mohegan, NY: less expensive homes
- Lake Los Angeles, CA: less expensive homes
- Richlands, VA: less expensive homes
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