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These days, finding an affordable place to live in the Warwick area can be challenging. Home prices in Warwick are now at a median cost of $346,379, lower than the Maryland average of $450,578.
The average cost of rent is $998/mo in Warwick, primarily driven by the current value of real estate in the Warwick area. In Warwick, 21.85% of households rent, and 38.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Warwick is $6,055 per month. Households that rent pay about 16.48% of their income on rent here. Warwick’s most expensive areas are in the central 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
- Cecilton, MD: equally priced homes
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- Chesapeake City, MD: higher priced homes
- Randalia, MD: higher priced homes
- Point Breeze, DE: higher priced homes
- Olivet Hill, MD: equally priced homes
- Galena, MD: equally priced homes
Cities with Similar Populations
- Pine Top, KY: less expensive homes
- Lostine, OR: higher priced homes
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- Maidsville, WV: less expensive homes
- Marcell, MN: equally priced homes
- Maywood, MO: less expensive homes
- Onekama, MI: less expensive homes
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