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In July 2022, the typical home in the state of Maryland was valued at $406,436. Thats a 9.8% increase year-over-year (YoY), and Zillow predicts the market will continue to rise over the next twelve months.
Is it a buyers or sellers market in Maryland? Currently, it is a neutral market in Maryland, with most homes selling at or slightly below their value.
Most Affordable Places to Live in Maryland Arbutus. Bel Air. Brunswick. Easton. Glenarden. White Marsh.
The Maryland housing market remains a strong sellers market, which has been surprising, especially due to COVID. The low interest rates have been a driving force. Maryland is also a state with employment opportunities, so a lot of people are still able to buy a house because theyve remained employed throughout COVID.
10 Best Places To Live In Maryland [2022 Edition] Columbia, MD. Bethesda, MD. Towson, MD. North Potomac. Olney, MD. Rockville, MD. Burtonsville, MD. Ellicott City, MD.
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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.
Cons of Living in Maryland The Cost of Living is High. Maryland is actually one of the wealthier states in the U.S. Theres a Lot of Traffic Congestion. Homelessness is a Growing Problem. Wind is Unforgiving. Snow Can Be Problematic. Big Cities are Limited. Commutes are Horrible. Public Transportation is Limited.
Marylands booming job market, top-quality healthcare facilities, beautiful outdoors and parks, and great tasty seafoods makes it one of the best places to live in America. If youd love to live around Mountains, farmlands, cities, and beaches, moving to Maryland may be perfect for you.
According to a new study by WalletHub, many of these things make Maryland rank in the top 20 states to live. The survey places Maryland at number 17, just above North Dakota and just behind Iowa. WalletHub ranked all 50 states across five key indicators: Affordability.
The current economic conditions mean that it is growing increasingly likely house prices will start to fall in 2022.

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