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These days, finding an affordable place to live in the Potomac area can be challenging. Home prices in Potomac are now at a median cost of $1,138,167, higher than the Maryland average of $450,578.
The average cost of rent is $3,119/mo in Potomac, primarily driven by the current value of real estate in the Potomac area. In Potomac, 14.49% of households rent, and 35.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Potomac is $18,990 per month. Households that rent pay about 16.42% of their income on rent here. Potomac’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Bethesda, MD: less expensive homes
- Travilah, MD: higher priced homes
- Rockville, MD: less expensive homes
- Cabin John, MD: higher priced homes
- Garrett Park, MD: less expensive homes
- Glen Echo, MD: higher priced homes
- Bethesda, MD: equally priced homes
- Kensington, MD: less expensive homes
- Chevy Chase View, MD: higher priced homes
- South Kensington, MD: less expensive homes
Cities with Similar Populations
- Asheboro, NC: less expensive homes
- Winter Park, FL: less expensive homes
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- West Chester, OH: less expensive homes
- Webster, NY: less expensive homes
- Vero Beach, FL: less expensive homes
- Union, NJ: less expensive homes
- Tooele, UT: less expensive homes
- Sterling, VA: less expensive homes
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