The Most Affordable Neighborhoods in Park Head, MD by Home Value

 

Park Head, MD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Park Head area can be challenging. Home prices in Park Head are now at a median cost of $275,774, lower than the Maryland average of $450,578.

The average cost of rent is $873/mo in Park Head, primarily driven by the current value of real estate in the Park Head area. In Park Head, 5.28% of households rent, and 59.27% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Park Head is $5,575 per month. Households that rent pay about 15.66% of their income on rent here. Park Head’s most expensive areas are in the central 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.


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