salaryRent is higher than in 85% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (75.3%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $99,360 a year. That is $48 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
No. Rent here is more expensive than in most of Maryland. It is number 159 of 200 cities from cheapest to most expensive.
How much do households earn in Overlea?
Share of households by yearly income. 26.9% of households earn $100,000 or more.
Rent by apartment size in Overlea
| Size | Overlea | U.S. average |
|---|---|---|
| Studio | $1,596 | $1,338 |
| 1 bedroom | $1,124 | $1,324 |
| 2 bedrooms | $1,884 | $1,509 |
| 3 bedrooms | $2,004 | $1,698 |
| 4 bedrooms | $2,897 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Overlea overall?
Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Overlea, so the Maryland figure is shown.
Taxes and bills in Overlea
Life in Overlea
Is it cheaper to rent or buy in Overlea?
Buying is cheaper month to month: about $653 a month less than renting.
Owning assumes a typical $263,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $26,390 for the down payment.
Frequently asked questions
What is the average rent in Overlea, MD?
Renting in Overlea costs a median of about $2,484 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Overlea?
To keep rent under 30% of income, you need about $99,360 a year, or $48 an hour at a full-time job.
Is Overlea cheap or expensive?
Overlea is rated Expensive: rent takes 31.1% of the typical household income of $95,815. It ranks 159th cheapest of 200 Maryland cities we track.
How much are property taxes in Overlea?
The median homeowner in Overlea pays $3,198 a year in property taxes, about 1.21% of the median home value.
Is Overlea more expensive than the national average?
Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Overlea?
The median home value in Overlea is $263,900, about 2.8 times the typical yearly household income.
13,035 people live in Overlea. Numbers are typical (middle) values.