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These days, finding an affordable place to live in the 20640 area can be challenging. Home prices in 20640 are now at a median cost of $255,007, lower than the Maryland average of $357,815.
The average cost of rent is $1,513/mo in 20640, primarily driven by the current value of real estate in the 20640 area. While nearly 29.26% of residents own their homes outright in 20640, 24.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in 20640 is $7,001 per month. Households that rent pay about 21.61% of their income on rent here. 20640's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 20658, MD: equally priced homes
- 20616, MD: higher priced homes
- 22191, VA: higher priced homes
- 20675, MD: higher priced homes
- 20693, MD: higher priced homes
- 20677, MD: higher priced homes
- 22026, VA: higher priced homes
- 22125, VA: higher priced homes
- 20607, MD: higher priced homes
- 20695, MD: higher priced homes
Zip Codes with Similar Populations
- 08406, NJ: equally priced homes
- 49038, MI: less expensive homes
- 66547, KS: less expensive homes
- 64034, MO: higher priced homes
- 60449, IL: equally priced homes
- 56716, MN: less expensive homes
- 56649, MN: less expensive homes
- 55340, MN: higher priced homes
- 55079, MN: equally priced homes
- 53551, WI: equally priced homes
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