Is Hancock expensive?

Hancock, MD

State	Maryland
Population	1,587
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Hancock, MD

State

Population

1,587

In comparison to its surrounding areas, Hancock is somewhat less expensive, and it's significantly less expensive compared to the rest of the country. Compared to the city of Gaithersburg, it's significantly less expensive.

Home prices

The median home in Hancock costs $115,900. Compared to its nearby areas it is about $30,520 (20%) lower.It is roughly $101,600 (46%) lower compared to the rest of the nation, and it is roughly $276,300 (70%) lower compared to the city of Gaithersburg.

Gaithersburg

United States

Mercersburg

Clear Spring

Needmore

Wilson-Conococheague

Hedgesville

Hancock

Comparison of median Hancock home price to nearby areas

Distribution of home prices for Hancock and nearby areas

Rents

In Hancock the median monthly rent is $638. Compared to the surrounding areas this is roughly $254 (28%) lower.In comparison to the entire country it is approximately $424 (39%) lower, and it is approximately $1,102 (63%) lower in comparison to the city of Gaithersburg.

Gaithersburg

Hedgesville

United States

Wilson-Conococheague

Clear Spring

Mercersburg

Needmore

Hancock

Comparison of median Hancock rent to nearby areas

Distribution of rents for Hancock and nearby areas

Nearby places

Needmore

Needmore is about 9 miles north of Hancock. The real estate prices there are a bit more expensive. The median home in Needmore is valued at $150,800, which comes out to $34,900 (23%) higher than Hancock. The rent there is a little more expensive. Needmore's median monthly rent is $717, which is $79 (11%) higher than Hancock.

Clear Spring

Clear Spring is about 11 miles east of Hancock. The housing prices there are somewhat more expensive. The value of the median home in Clear Spring is $154,000, which comes out to $38,100 (24%) higher than Hancock. Rents there are a bit more expensive. In Clear Spring the median rent is $837 a month, which works out to $199 (23%) higher than Hancock.

Hedgesville

Hedgesville is roughly 13 miles southeast from Hancock. The housing prices there are a bit more expensive. Hedgesville's median home cost is $125,000, which is $9,100 (7%) higher than Hancock. The rent there is significantly more expensive. The median monthly rent in Hedgesville is $1,188, which comes out to $550 (46%) higher than Hancock.

Mercersburg

Mercersburg is roughly 15 miles northeast from Hancock. Its real estate prices are substantially more expensive. The median home price in Mercersburg is $175,300, which works out to $59,400 (33%) higher than Hancock. Its rents are a bit more expensive. Mercersburg's median rent is $783 per month, which is $145 (18%) higher than Hancock.

Wilson-Conococheague

Wilson-Conococheague is roughly 16 miles east of Hancock. Its housing prices are somewhat more expensive. Wilson-Conococheague's median home value is $127,000, which is $11,100 (8%) higher than Hancock. Its rents are a bit more expensive. In Wilson-Conococheague the median monthly rent is $937, which is $299 (31%) higher than Hancock.