Glasgow · Photo: Newhoudl · CC BY-SA 4.0Measured against area pay, Algonquin costs more to live in than 84% of U.S. towns
Home prices around Algonquin have risen about 61% over the past 5 years.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Cambridge, MD micro area ($62K). How TownRatings grades cost of living
Only 2 sales in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The grade compares costs with what households across the Cambridge-area micro earn ($62K, Census 2020–24). Even so, the typical home costs 5.5 years of area income, and 26% of renters pay 30% or more of income for housing.
In dollars
- $1,120a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 5.5 yrsof area income buys the typical home; the typical U.S. town: 3.3$62K, Cambridge-area income
- 32%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 24%of owners do; the typical U.S. town: 20%Census 2020–24
What Algonquin’s housing numbers say
Prices rose faster than Maryland’s over five years
There’s no Zillow index for Algonquin, so the page uses the federal house price index for the ZIP code around it, which follows repeat sales of the same homes. It rose 61% over five years, against 40% across Maryland. Price trend ↓
An older housing stock
Half of Algonquin’s homes were built before 1959, against 1979 for Maryland as a whole. Older homes can mean character, and also bigger heating and repair bills, so an inspection matters. Property taxes ↓
Written from the data on this page. There’s no Zillow index for Algonquin, so the typical value is an estimate: the Census median carried forward with the federal house price index; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Algonquin’s grade
Measured against what households in the area earn, Algonquin is more affordable than 16% of U.S. towns. Rent pulls the grade down most; the share of households paying 30%+ for housing holds it up.
Home prices up 61% in 5 years
The federal house price index for the ZIP code around Algonquin rose 61% over the past 5 years, faster than across Maryland (40%). Last year prices rose 3%. Carrying the Census median home value forward with that index puts the typical Algonquin home at roughly $418,000 today.
Carrying the Census median forward with the index puts a typical home at about $418K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Algonquin, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 5.5 years of area income
The calculator starts from the area income the grade uses. Switch to Algonquin’s own median, or type yours.
That’s $171K short of a typical Algonquin home.
A two-bedroom rents for about $1,120 a month here, $1,330 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Algonquin’s typical property tax (0.73% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,120
Renters already here pay a median of $1,670.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Dorchester County, MD): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the Maryland norm
The median bill is $2,511 (Maryland: $4,093), 0.73% of a home’s value a year, against 0.97% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Algonquin
Only figures published free for the whole country, each labeled with the area it covers: Maryland, or Maryland. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Electricity cents per kWh, homes | 21.4¢ | U.S. 18.3¢ | state | EIA, July 2026 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Algonquin vs. its neighbors
Zillow publishes no value for Algonquin.
Cost next door · one source per column
Questions about the cost of living in Algonquin
Is Algonquin expensive to live in?
Measured against what households in the area earn, Algonquin costs more than 84% of U.S. towns: a C− for cost of living. The typical home costs 5.5 years of the median household income of the Cambridge, MD micro area ($62K).
How much is rent in Algonquin?
HUD puts a two-bedroom at about $1,120 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,670 (Census 2020–24).
What are property taxes in Algonquin?
The median bill is $2,511 a year, 0.73% of the median home value (Maryland: $4,093, 0.97%), from the Census 2020–24.
Neighbors talk housing
What Algonquin buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.