Housing costs in Aspen Hill?
A typical home costs
$551,900, which is 63.2% more expensive than the national average of
$338,100 and 42.2% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Aspen Hill costs
$1,840 per month, which is 13.6% more than the national average of
$1,620 and close to the state average of
$1,820.
Can I afford Aspen Hill?
To live comfortably in Aspen Hill (zip 20853), Maryland, a minimum annual income of
$105,840 for a family, and
$64,800 for a single person is recommended.
What does A.I. say about Aspen Hill?
The cost of living in 20853 Aspen Hill, MD is relatively high compared to other areas in the United States. The average home price in Aspen Hill is around $450,000, and the overall cost of living index for this area is 114.5 – this indicates that it is 14.5% more expensive than the national average. Additionally, the median household income of Aspen Hill residents is $94,131, which is much higher than the national median household income of $60,293. Despite these higher costs, however, there are still many amenities and activities available that make Aspen Hill a great place to live. Many residents enjoy access to local parks and open spaces as well as fine dining options throughout the area.