5 Cheapest Maryland Cities To Buy a Home

Photo byZac GudakovonUnsplash

As per Zillow's data, the average home value in the United States currently stands at $348,126, reflecting a 1.0% increase over the past year. A Maryland home's average value is $404,703, up 2.5% compared to last year. Buying a home in Maryland can be challenging if you are looking for a place that offers affordability without compromising quality of life. There are several cities and towns within the state that meet these criteria.

To find the most budget-friendly places to buy a home, GOBankingRates utilized Zillow and the U.S. Census Bureau data to assess every major city in Maryland. Through a comprehensive evaluation of every major city in Maryland, GOBankingRates successfully identified five locales where housing costs are notably more affordable compared to other Cities.

Baltimore :

The average home value in Baltimore, which is currently $182,604, has experienced a steady rise of 1.9% over the past year. This increase reflects a positive trend in the local real estate market, indicating a growing demand for homes.

Dundalk:

The city of Dundalk, located in Baltimore County, Maryland, has a rich history and a thriving community. According to Zillow, The average home value in Dundalk is currently $205,348, representing a notable increase of 4.1% over the past year.

Salisbury:

Salisbury, Maryland, is located on the Eastern Shore of Maryland in the United States. It is the largest city in the region and serves as the county seat of Wicomico County. According to Zillow, the average home value in Salisbury, Maryland, is $241,110. This figure represents a 6.6% increase over the past year, indicating a positive trend in the local housing market.

Hagerstown:

According to Zillow, the average Hagerstown home value is $259,429, up 4.1% from last year.

Parkville :

According to Zillow, The average Parkville home value is $260,170, up 2.2% over the past year.

How can Zillow's data aid us in making wiser decisions when it comes to buying a home?

Zillow's metrics aim to inform and support the decision-making process with relevant market data by measuring monthly market changes across various geographies and housing types.

Please share your thoughts on these findings: If you reside in any of the cities mentioned, kindly inform us about the average home prices in your area. Feel free to comment below, share your honest opinions on this topic, and consider sharing it with your friends and family on social media.

Disclaimer: This article is only for educational and informational purposes, and the information is sourced from reliable sites like gobankingrates.com and Zillow, Conduct research and consider personal preferences before making a decision.