Similar to the surrounding areas, it's somewhat less expensive compared to the country as a whole. Compared to the city of Washington however, it's substantially less expensive.
Home prices
The median home in Essex costs $191,400. This is about $8,020 (4%) lower compared to the surrounding areas.It is approximately $26,100 (12%) lower in comparison to the United States as a whole, and in comparison to the city of Washington it is about $410,100 (68%) lower.
Rents
Essex's median rent is $1,086 per month. Compared to the surrounding areas this is roughly $101 (8%) lower.In comparison to the country as a whole it is approximately $24 (2%) higher, and is about $455 (29%) lower compared to the city of Washington.
Nearby places
Middle River
Middle River is Essex's neighbor to the north. Its real estate prices are somewhat less expensive. The median home cost in Middle River is $168,300, which works out to $23,100 (13%) lower than Essex. The rent there is somewhat more expensive. Middle River's median monthly rent is $1,222, which works out to $136 (11%) higher than Essex.
Dundalk
Dundalk is Essex's neighbor to the southwest. Its real estate prices are somewhat less expensive. The median home in Dundalk is valued at $149,800, which is $41,600 (27%) lower than Essex. The rent there is pretty similar. In Dundalk the median monthly rent is $1,141, which comes out to $55 (4%) higher than Essex.
Rosedale
Rosedale is Essex's neighbor to the northwest. Its housing prices are a bit more expensive. The median home in Rosedale costs $205,700, which comes out to $14,300 (6%) higher than Essex. Rents there are a bit more expensive. Rosedale's median rent is $1,194 per month, which works out to $108 (9%) higher than Essex.
Bowleys Quarters
Bowleys Quarters is approximately 3 miles northeast from Essex. Its real estate prices are a little more expensive. The median home cost in Bowleys Quarters is $251,900, which is $60,500 (24%) higher than Essex. Rent there is a little more expensive. Bowleys Quarters's median monthly rent is $1,147, which works out to $61 (5%) higher than Essex.
Rossville
Rossville is about 4 miles north of Essex. The housing prices there are a little more expensive. The median home in Rossville costs $221,400, which comes out to $30,000 (13%) higher than Essex. Rent there is a bit more expensive. In Rossville the median rent is $1,233 a month, which is $147 (11%) higher than Essex.
