2022 Most Affordable Cities in Maryland

Not only does Maryland have some of the best seafood in New England, but it also has miles of breathtaking beaches and rolling mountains. You’ll also find it has lively metropolitan hubs and rich history. If you are looking to reside in Maryland, then look no further. NewHomeSource has compiled a list of the top 10 most affordable cities in Maryland to help you find the perfect place to call home.

1. Hagerstown

Home Price to Income Ratio: 3.82%

Average Property Tax: $1,619

Median Household Income: $40,800

Hagerstown is the most affordable city in Maryland. It is a charming town with a vibrant culture and an interesting historical scene. Locals will always find a wide range of activities to engage in such as biking, hiking, canoeing, feasting on delicious food, and exploring the arts and culture. Overall, Hagerstown would be a great place to call home.

2. Baltimore

​​Home Price to Income Ratio: 3.18%

Average Property Tax: $2,754

Median Household Income: $50,379

Baltimore, also known as the “Charm City”, is the largest city in Maryland. It has diverse neighborhoods, friendly communities, tasty cuisines, and beautiful waterfront views. Baltimore is a very happening city where locals never get bored. Residents can spend their days cruising around the Inner Harbor and exploring the contributions of black Americans at the National Great Blacks In Wax Museum. If you are in the mood for savory seafood, be sure to sample some of Maryland’s famous steamed blue crabs at Faidley’s Seafood.

3. Aberdeen

​​Home Price to Income Ratio: 3.23%

Average Property Tax: $2,224

Median Household Income: $63,842

Those looking for a small town with a strong community feel will love Aberdeen. This city was built by the American military and is home to the Proving Ground of the United States Army. Living in Aberdeen means having easy access to local dining, entertainment, and shopping. Additionally, since it is located only 30 miles northeast of Baltimore, locals have the luxury of being close – but not too close – to big-city amenities.

4. Salisbury

​​Home Price to Income Ratio: 3.79%

Average Property Tax: $1,698

Median Household Income: $41,905

Salisbury is a big city with a small-town feel. It has a rather peaceful atmosphere with many opportunities for outdoor activities. Locals can join the bicycling fun on the Sea Gull Century biking event or cruise across the water in a kayak or canoe at Pemberton Historical Park. In addition, at the Downtown Arts and Entertainment District, there are many art galleries and live events for locals to enjoy.

5. Westminster

​​Home Price to Income Ratio: 4.01%

Average Property Tax: $2,451

Median Household Income: $60,518

Westminster is a thriving city located in northern Maryland. It has an extensive history, exciting outdoor activities, and trendy shops and restaurants. Union Mills Homestead and kid-friendly Carroll County Farm Museum is a great place to learn about Westminster’s history. And for those wanting to become more knowledgeable about nature, check out Hashawaha Environmental Center.

6. Elkton

​​Home Price to Income Ratio: 3.46%

Average Property Tax: $2,143

Median Household Income: $56,250

Elkton is a charming town located north of the Elk River. Spend your days picking apples, cherries, and berries at Milburn Orchards, taking a stroll through Meadow Park, or grabbing a cold beer at Maryland Beer Company. Brush up on your knowledge about the history of Elkton at the Historical Society of Cecil County. All in all, Elkton has activities for everyone to enjoy.

7. Bel Air

​​Home Price to Income Ratio: 3.45%

Average Property Tax: $3,525

Median Household Income: $71,122

Bel Air is considered by many to be one of the best places to live in Maryland. It is a small, charming town brimming with life. There are tasty breweries, beautiful hiking trails, a happening mall, and intriguing museums. And we can’t forget to mention all the mouth-watering restaurants that are sprinkled across Bel Air.   

8. Havre de Grace

​​Home Price to Income Ratio: 3.7%

Average Property Tax: $3,105

Median Household Income: $77,690

Havre de Grace is a Maryland coastal town and one of America’s best small towns. If you are a nature enthusiast, you will find a bounty of outdoor activities such as relaxing by the coast and fishing or hiking at the heavily forested Susquehanna State Park. In addition, Havre de Grace is known for its tasty seafood and fascinating association with the Underground Railroad.

9. Greenbelt

​​Home Price to Income Ratio: 3.17%

Average Property Tax: $2,933

Median Household Income: $71,734

Located about 30 minutes from Washington, D.C. lies the city of Greenbelt. The city has a variety of attractions such as the Greenbelt National Park, the Greenbelt Museum, the Beltway Plaza Mall, and so much more. You’ll have plenty of delicious restaurants to try out, especially Silver Diner and the New Deal café.

10. Easton

​​Home Price to Income Ratio: 4.49%

Average Property Tax: $1,883

Median Household Income: $61,651

Easton is an idyllic town located in the southeastern portion of Maryland. It is a picturesque town with a reputation for displaying old-school hospitality. From wandering the streets to eating local food and biking down some of the best trails in the state, Easton has activities for people of all ages. To top it off, there are art festivals, museums, and a theater where you can enjoy live music.

Cities with the Best Home Price to Income Ratio

While the list above is sorted by the lowest overall cost of living index, the following cities have the lowest home price to income ratio, meaning you can get more home for your money.

1. Greenbelt
2. Baltimore
3. Aberdeen