Similar to its surrounding areas, it's a lot more expensive compared to the nation as a whole. However it's substantially less expensive compared to the city of Washington.
Home prices
The median home cost in Lanham is $306,800. In comparison to its nearby areas it is about $14,780 (4%) lower.Compared to the country as a whole it is about $89,300 (41%) higher, and compared to the city of Washington is approximately $294,700 (48%) lower.
Rents
In Lanham the median monthly rent is $1,538. It is roughly $140 (8%) lower compared to its surrounding areas.It is about $476 (44%) higher compared to the rest of the country, and compared to the city of Washington is is very similar.
Nearby places
Seabrook
Seabrook is Lanham's neighbor to the north. The real estate prices there are fairly similar. The median home in Seabrook costs $293,600, which works out to $13,200 (4%) lower than Lanham. Rents there are a little more expensive. The median rent in Seabrook is $1,685 a month, which works out to $147 (8%) higher than Lanham.
Mitchellville
Mitchellville is Lanham's neighbor to the southeast. Its housing prices are a little more expensive. The cost of the median home in Mitchellville is $354,300, which comes out to $47,500 (13%) higher than Lanham. Rents there are a bit more expensive. In Mitchellville the median monthly rent is $2,175, which comes out to $637 (29%) higher than Lanham.
Glenn Dale
Glenn Dale is Lanham's neighbor to the northeast. Real estate prices there are somewhat more expensive. The median home in Glenn Dale costs $412,500, which comes out to $105,700 (25%) higher than Lanham. Rent there is somewhat more expensive. The median rent in Glenn Dale is $1,797 a month, which is $259 (14%) higher than Lanham.
New Carrollton
New Carrollton is approximately 1 mile west of Lanham. The housing prices there are a little less expensive. New Carrollton's median home price is $271,100, which works out to $35,700 (13%) lower than Lanham. Rent there is a bit less expensive. New Carrollton's median monthly rent is $1,417, which works out to $121 (8%) lower than Lanham.
Glenarden
Glenarden is roughly 2 miles south of Lanham. Housing prices there are a bit less expensive. The median home in Glenarden is valued at $276,400, which works out to $30,400 (10%) lower than Lanham. Rents there are a bit less expensive. In Glenarden the median monthly rent is $1,316, which is $222 (16%) lower than Lanham.
