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These days, finding an affordable place to live in the Parsonsburg area can be challenging. Home prices in Parsonsburg are now at a median cost of $223,204, lower than the Maryland average of $450,578.
The average cost of rent is $1,402/mo in Parsonsburg, primarily driven by the current value of real estate in the Parsonsburg area. In Parsonsburg, 18.31% of households rent, and 35.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parsonsburg is $6,899 per month. Households that rent pay about 20.32% of their income on rent here. Parsonsburg’s most expensive areas are in the southeastern 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
- Walston, MD: less expensive homes
- Melson, MD: higher priced homes
- Pittsville, MD: equally priced homes
- Salisbury, MD: higher priced homes
- Delmar, MD: equally priced homes
- Willards, MD: higher priced homes
- Delmar, DE: higher priced homes
- Fruitland, MD: higher priced homes
- Whaleyville, MD: higher priced homes
- Indiantown, MD: higher priced homes
Cities with Similar Populations
- Cabazon, CA: higher priced homes
- Camden, MI: less expensive homes
- Carmel Valley Village, CA: higher priced homes
- Cherokee, AL: less expensive homes
- Chico, TX: higher priced homes
- Sells, AZ: less expensive homes
- Middleburg, VA: higher priced homes
- Middleburgh, NY: less expensive homes
- Morris, OK: less expensive homes
- Nedrow, NY: less expensive homes
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