Cities with the most expensive homes in the Baltimore metro area
Cities with the most expensive homes in the Baltimore metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $359,078 in December, 0.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of January 15, the sits at 6.06%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the Baltimore metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 114 cities and towns.
#30. West River, MD
- Typical home value: $616,437
- 1-year price change: +0.9%
- 5-year price change: +23.0%
#29. Glen Arm, MD
- Typical home value: $619,057
- 1-year price change: +2.0%
- 5-year price change: +26.0%
#28. Lothian, MD
- Typical home value: $623,982
- 1-year price change: +1.9%
- 5-year price change: +19.5%
#27. Friendship, MD
- Typical home value: $629,156
- 1-year price change: +1.9%
- 5-year price change: data not available
#26. Parkton, MD
- Typical home value: $629,423
- 1-year price change: +2.7%
- 5-year price change: +27.7%
#25. Tracys Landing, MD
- Typical home value: $629,815
- 1-year price change: +2.9%
- 5-year price change: +24.8%
#24. Baldwin, MD
- Typical home value: $630,471
- 1-year price change: +2.5%
- 5-year price change: +28.5%
#23. Queenstown, MD
- Typical home value: $634,148
- 1-year price change: +3.3%
- 5-year price change: +34.2%
#22. Woodstock, MD
- Typical home value: $636,609
- 1-year price change: +0.3%
- 5-year price change: +25.1%
#21. Riva, MD
- Typical home value: $644,499
- 1-year price change: +1.6%
- 5-year price change: +21.2%
#20. Crownsville, MD
- Typical home value: $646,069
- 1-year price change: +0.5%
- 5-year price change: +25.4%
#19. Galesville, MD
- Typical home value: $649,442
- 1-year price change: -0.2%
- 5-year price change: +20.3%
#18. Hydes, MD
- Typical home value: $676,650
- 1-year price change: +3.9%
- 5-year price change: +23.7%
#17. Monkton, MD
- Typical home value: $688,233
- 1-year price change: +2.1%
- 5-year price change: +25.8%
#16. Marriottsville, MD
- Typical home value: $690,136
- 1-year price change: +1.2%
- 5-year price change: +26.5%
#15. Ellicott City, MD
- Typical home value: $713,598
- 1-year price change: +0.2%
- 5-year price change: +25.5%
#14. Severna Park, MD
- Typical home value: $719,866
- 1-year price change: +2.1%
- 5-year price change: +25.7%
#13. Phoenix, MD
- Typical home value: $726,483
- 1-year price change: +2.4%
- 5-year price change: +32.1%
#12. Harwood, MD
- Typical home value: $730,791
- 1-year price change: +2.7%
- 5-year price change: +23.5%
#11. Woodbine, MD
- Typical home value: $787,197
- 1-year price change: +1.2%
- 5-year price change: +30.3%
#10. Cooksville, MD
- Typical home value: $908,383
- 1-year price change: -0.1%
- 5-year price change: +31.6%
#9. Davidsonville, MD
- Typical home value: $929,738
- 1-year price change: +3.5%
- 5-year price change: +32.9%
#8. Glenelg, MD
- Typical home value: $948,060
- 1-year price change: +0.5%
- 5-year price change: +31.3%
#7. Fulton, MD
- Typical home value: $960,245
- 1-year price change: +1.2%
- 5-year price change: +31.1%
#6. Highland, MD
- Typical home value: $976,266
- 1-year price change: +0.4%
- 5-year price change: +33.4%
#5. West Friendship, MD
- Typical home value: $993,444
- 1-year price change: +1.8%
- 5-year price change: +32.7%
#4. Clarksville, MD
- Typical home value: $1,004,103
- 1-year price change: +1.7%
- 5-year price change: +35.1%
#3. Glenwood, MD
- Typical home value: $1,009,385
- 1-year price change: +0.9%
- 5-year price change: +38.5%
#2. Dayton, MD
- Typical home value: $1,049,163
- 1-year price change: +1.7%
- 5-year price change: +40.9%
#1. Gibson Island, MD
- Typical home value: $2,916,449
- 1-year price change: +9.3%
- 5-year price change: +52.7%