Home Price Key
Affordable
Average
Expensive
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 $321,370, lower than the Maryland average of $357,815.
The average cost of rent is $1,721/mo in Savage, primarily driven by the current value of real estate in the Savage area. While nearly 4.63% of residents own their homes outright in Savage, 53.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Savage is $8,011 per month. Households that rent pay about 21.48% of their income on rent here. Savage's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Jessup, MD: equally priced homes
- Annapolis Junction, MD: higher priced homes
- Scaggsville, MD: higher priced homes
- Maryland City, MD: equally priced homes
- Laurel, MD: equally 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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