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These days, finding an affordable place to live in the Summerfield area can be challenging. Home prices in Summerfield are now at a median cost of $284,881, lower than the Maryland average of $357,815.
The average cost of rent is $1,961/mo in Summerfield, primarily driven by the current value of real estate in the Summerfield area. While nearly 25.54% of residents own their homes outright in Summerfield, 48.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Summerfield is $7,089 per month. Households that rent pay about 27.66% of their income on rent here. Summerfield's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Seat Pleasant, MD: less expensive homes
- Capitol Heights, MD: less expensive homes
- Landover, MD: less expensive homes
- Glenarden, MD: equally priced homes
- Lake Arbor, MD: higher priced homes
- Fairmount Heights, MD: less expensive homes
- Largo, MD: equally priced homes
- Cheverly, MD: higher priced homes
- Landover Hills, MD: equally priced homes
- Forestville, MD: less expensive homes
Cities with Similar Populations
- Artesia, NM: less expensive homes
- North Chicago, IL: less expensive homes
- North Bend, WA: higher priced homes
- North Mankato, MN: less expensive homes
- North New Hyde Park, NY: higher priced homes
- Northampton, MA: higher priced homes
- Northview, MI: less expensive homes
- Oak Park, CA: higher priced homes
- Oil City, PA: less expensive homes
- Pawleys Island, SC: higher priced homes
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