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These days, finding an affordable place to live in the Patuxent River area can be challenging. Home prices in Patuxent River are now at a median cost of $444,000, lower than the Maryland average of $450,578.
The average cost of rent is $2,290/mo in Patuxent River, primarily driven by the current value of real estate in the Patuxent River area. In Patuxent River, 89.04% of households rent, and 33.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Patuxent River is $5,947 per month. Households that rent pay about 38.51% of their income on rent here. Patuxent River’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lexington Park, MD: less expensive homes
- Great Mills, MD: less expensive homes
- Park Hall, MD: equally priced homes
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- California, MD: less expensive homes
- Callaway, MD: equally priced homes
- Chesapeake Ranch Estates, MD: less expensive homes
- St. Marys City, MD: higher priced homes
- Valley Lee, MD: higher priced homes
Cities with Similar Populations
- Everton, MO: less expensive homes
- Switzerland, SC: equally priced homes
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- Fountain Run, KY: less expensive homes
- Fern Forest, HI: less expensive homes
- Farmdale, GA: less expensive homes
- Falmouth, MI: less expensive homes
- Falls City, TX: less expensive homes
- Falls City, OR: less expensive homes
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