Croom, Maryland Real Estate & Housing Market

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Croom Housing Information

Index	Croom	Maryland	National
Median home price	$383,300	$290,400	$184,700
Median rent asked	$1,172	$1,264	$949
Avg. people per household	2.3	2.6	2.6
Owner occupied households	92.2%	66.5%	63.6%
Renter occupied households	7.8%	33.5%	36.4%

A general summary of the real estate market in Croom, MD is listed above. Properties in Croom, MD average a cost of $383,300, which is 32% higher than the median home price for real estate located in Maryland. This means that the region of Croom, MD is, on average, less affordable when compared to the remainder of Maryland. Since tenants living in Croom, MD will pay an average of $1,172, the median rental cost is 7% lower than in Maryland. 92.2% of people in Croom, MD own their own homes, and an average of 2.3 people inhabit each property. Croom, MD has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Croom Home Affordability

When starting your search for real estate in Croom, MD, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Croom, MD costs $383,300 while each household has an average income of $113,021. Consequently, the ratio of home price to household income is 3.4x; this ratio is 11% lower than the average in Maryland. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Croom, MD. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Croom, MD.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Cedarville, MD	588	$0	100%
Andrews AFB, MD	3,336	$0	100%
Silver Hill, MD	4,802	$165,500	10%
Landover, MD	23,124	$169,000	9%
Colmar Manor, MD	1,635	$173,000	6%
Croom, MD	2,645	$383,300	108%

Cities with similar population

City, State	Population	Home Price	National Avg.
Nixon, TX	2,645	$48,600	74%
New Richmond, OH	2,645	$146,700	21%
Albany, MN	2,645	$142,100	23%
McCormick, SC	2,645	$87,600	53%
Carlisle-Rockledge, AL	2,646	$87,900	52%
Croom, MD	2,645	$383,300	108%

Source: The Croom, MD housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).