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Affordable
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These days, finding an affordable place to live in the Savage area can be challenging. Home prices in Savage are now at a median cost of $379,753, lower than the Maryland average of $450,578.
The average cost of rent is $2,029/mo in Savage, primarily driven by the current value of real estate in the Savage area. In Savage, 59.76% of households rent, and 13.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Savage is $6,989 per month. Households that rent pay about 29.03% of their income on rent here. Savage’s most expensive areas are in the western 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
- Jessup, MD: higher priced homes
- Annapolis Junction, MD: higher priced homes
- Scaggsville, MD: higher priced homes
- Maryland City, MD: higher priced homes
- Laurel, MD: higher priced homes
- Fort Meade, MD: higher priced homes
- Columbia, MD: higher priced homes
- Elkridge, MD: higher priced homes
- Fulton, MD: higher priced homes
- Hanover, MD: higher priced homes
Cities with Similar Populations
- Beulah, ND: less expensive homes
- Zionsville, PA: equally priced homes
- Woodbury Heights, NJ: less expensive homes
- Whigham, GA: less expensive homes
- Turbeville, SC: less expensive homes
- Seven Fields, PA: higher priced homes
- Ridgely, MD: less expensive homes
- Randolph, VT: less expensive homes
- Norwood Young America, MN: less expensive homes
- Newark Valley, NY: less expensive homes
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