Much like nearby areas, it's a bit more expensive compared to the country as a whole. However it is substantially less expensive compared to the city of Washington.
Home prices
The price of the median home in Westminster is $242,700. In comparison to other places in this area this is roughly $7,280 (2%) lower.Compared to the entire nation it is about $25,200 (11%) higher, and in comparison to the city of Washington is about $358,800 (59%) lower.
Rents
Westminster's median monthly rent is $1,136. In comparison to other places in this area this is approximately $127 (12%) higher.It is approximately $74 (6%) higher compared to the entire nation, and in comparison to the city of Washington it is roughly $405 (26%) lower.
Nearby places
New Windsor
New Windsor is about 4 miles southwest of Westminster. Its real estate prices are somewhat more expensive. The median home price in New Windsor is $264,300, which is $21,600 (8%) higher than Westminster. Rent there is similar. New Windsor's median rent is $1,148 per month, which comes out to $12 (1%) higher than Westminster.
Hampstead
Hampstead is approximately 7 miles east of Westminster. The housing prices there are fairly similar. The median home in Hampstead is valued at $245,700, which works out to $3,000 (1%) higher than Westminster. The rent there is a little less expensive. Hampstead's median rent is $866 per month, which is $270 (31%) lower than Westminster.
Manchester
Manchester is about 7 miles northeast of Westminster. The housing prices there are a bit more expensive. Manchester's median home cost is $294,500, which works out to $51,800 (17%) higher than Westminster. Rents there are somewhat less expensive. The median monthly rent in Manchester is $962, which is $174 (18%) lower than Westminster.
Union Bridge
Union Bridge is approximately 7 miles west of Westminster. The housing prices there are a little less expensive. Union Bridge's median home price is $192,700, which comes out to $50,000 (25%) lower than Westminster. Rents there are a bit less expensive. The median monthly rent in Union Bridge is $1,043, which works out to $93 (8%) lower than Westminster.
Taneytown
Taneytown is approximately 9 miles northwest of Westminster. Its real estate prices are fairly similar. The median home in Taneytown costs $252,700, which comes out to $10,000 (3%) higher than Westminster. Rent there is a bit less expensive. The median monthly rent in Taneytown is $1,028, which works out to $108 (10%) lower than Westminster.
