Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Smith Island area can be challenging. Home prices in Smith Island are now at a median cost of $114,800, lower than the Maryland average of $357,815.
The average cost of rent is $1,005/mo in Smith Island, primarily driven by the current value of real estate in the Smith Island area. While nearly 60.40% of residents own their homes outright in Smith Island, 7.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Smith Island is $3,061 per month. Households that rent pay about 32.83% of their income on rent here. Smith Island's most expensive areas are in the northern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Ewell, MD: equally priced homes
- Tangier, VA: equally priced homes
- Crisfield, MD: equally priced homes
- Ophelia, VA: higher priced homes
- Rumbley, MD: higher priced homes
- Marion Station, MD: higher priced homes
- Reedville, VA: higher priced homes
- Manokin, MD: higher priced homes
- Gonyon, VA: higher priced homes
- Saxis, VA: equally priced homes
Cities with Similar Populations
- Canton City, ND: higher priced homes
- West Monterey, PA: higher priced homes
- Trujillo, NM: equally priced homes
- Tolchester Beach, MD: higher priced homes
- Cherry Corner, PA: less expensive homes
- Charleys Branch, TN: less expensive homes
- Champ, MO: higher priced homes
- Chambless, CA: equally priced homes
- Center Square, IN: higher priced homes
- Cattron, SD: less expensive homes
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