Dundalk, Maryland Real Estate & Housing Market

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Dundalk Housing Information

Index	Dundalk	Maryland	National
Median home price	$141,700	$290,400	$184,700
Median rent asked	$1,038	$1,264	$949
Avg. people per household	2.7	2.6	2.6
Owner occupied households	65.9%	66.5%	63.6%
Renter occupied households	34.1%	33.5%	36.4%

Above, you'll find an overview of the real estate market in Dundalk, MD. Generally, real estate in the Dundalk, MD area is more affordable in Maryland, as the median price of a home in Dundalk, MD is $141,700, which is 51% lower than the Maryland average. The median rental price in Dundalk, MD is $1,038. This is 18% lower than the average rental price in Maryland. Home owners comprise 65.9% of the population of Dundalk, MD, where an average of 2.7 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Dundalk, MD. Below, you can search for real estate listings in Dundalk, MD using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Dundalk Home Affordability

When searching for real estate in Dundalk, MD, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Dundalk, MD, the median house price is $141,700, while the median income for households in the area is $49,292. Therefore, the ratio of house price to income is 2.9x; this ratio is 25% lower than the average in Maryland. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Dundalk, MD.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Baltimore, MD	621,000	$153,000	17%
Lansdowne, MD	8,365	$156,800	15%
Middle River, MD	26,631	$159,600	14%
Edgewood, MD	26,303	$167,500	9%
Baltimore Highlands, MD	7,546	$179,700	3%
Dundalk, MD	62,337	$141,700	23%

Cities with similar population

City, State	Population	Home Price	National Avg.
Haverhill, MA	62,340	$264,500	43%
Council Bluffs, IA	62,326	$113,500	39%
Hamilton, OH	62,259	$99,900	46%
Broomfield, CO	62,449	$328,200	78%
Encinitas, CA	62,160	$820,400	344%
Dundalk, MD	62,337	$141,700	23%

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