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These days, finding an affordable place to live in the 20602 area can be challenging. Home prices in 20602 are now at a median cost of $392,577, lower than the Maryland average of $450,578.
The average cost of rent is $1,896/mo in 20602, primarily driven by the current value of real estate in the 20602 area. In 20602, 29.79% of households rent, and 15.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 20602 is $9,100 per month. Households that rent pay about 20.84% of their income on rent here. 20602’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 20601, MD: equally priced homes
- 20695, MD: higher priced homes
- 20603, MD: higher priced homes
- 20617, MD: higher priced homes
- 20675, MD: higher priced homes
- 20646, MD: higher priced homes
- 20613, MD: higher priced homes
- 20607, MD: higher priced homes
- 20637, MD: higher priced homes
- 20622, MD: higher priced homes
Zip Codes with Similar Populations
- 91042, CA: higher priced homes
- 82901, WY: less expensive homes
- 33563, FL: less expensive homes
- 33702, FL: equally priced homes
- 43512, OH: less expensive homes
- 46221, IN: less expensive homes
- 53593, WI: higher priced homes
- 98188, WA: higher priced homes
- 60655, IL: less expensive homes
- 76240, TX: less expensive homes
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