Housing costs in Lake Arbor?
A typical home costs
$543,200, which is 60.7% more expensive than the national average of
$338,100 and 40.0% more expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Lake Arbor costs
$2,330 per month, which is 43.8% more than the national average of
$1,620 and 21.9% more than the state average of
$1,820.
Can I afford Lake Arbor?
To live comfortably in Lake Arbor (zip 20721), Maryland, a minimum annual income of
$104,040 for a family, and
$82,000 for a single person is recommended.
What does A.I. say about Lake Arbor?
Living in 20721 Lake Arbor, MD is generally quite affordable. The median home value is around $278,000, with an average rent of about $1,800 per month. Taxes are relatively low and the cost of everyday necessities such as groceries and utilities are comparable to other areas in the region. Additionally, the area offers plenty of activities for families and those looking to explore the outdoors. With its proximity to Washington DC and Baltimore, there’s no shortage of entertainment options and the cost of transportation is lower than other parts of the country. Overall, living in 20721 Lake Arbor, MD is a great choice for those looking for a more affordable lifestyle.