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These days, finding an affordable place to live in the 20716 area can be challenging. Home prices in 20716 are now at a median cost of $448,723, lower than the Maryland average of $450,578.
The average cost of rent is $2,303/mo in 20716, primarily driven by the current value of real estate in the 20716 area. In 20716, 30.36% of households rent, and 16.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 20716 is $10,034 per month. Households that rent pay about 22.95% of their income on rent here. 20716’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 20715, MD: equally priced homes
- 20721, MD: higher priced homes
- 20720, MD: higher priced homes
- 20774, MD: equally priced homes
- 21035, MD: higher priced homes
- 20769, MD: higher priced homes
- 21114, MD: higher priced homes
- 20776, MD: higher priced homes
- 20706, MD: equally priced homes
- 21140, MD: higher priced homes
Zip Codes with Similar Populations
- 85737, AZ: higher priced homes
- 48223, MI: less expensive homes
- 48864, MI: less expensive homes
- 60008, IL: less expensive homes
- 33034, FL: less expensive homes
- 12078, NY: less expensive homes
- 98022, WA: higher priced homes
- 08876, NJ: higher priced homes
- 07866, NJ: equally priced homes
- 95841, CA: equally priced homes
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