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These days, finding an affordable place to live in the 20724 area can be challenging. Home prices in 20724 are now at a median cost of $343,202, lower than the Maryland average of $357,815.
The average cost of rent is $2,064/mo in 20724, primarily driven by the current value of real estate in the 20724 area. While nearly 20.41% of residents own their homes outright in 20724, 34.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in 20724 is $8,485 per month. Households that rent pay about 24.33% of their income on rent here. 20724's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 20701, MD: higher priced homes
- 20763, MD: higher priced homes
- 20708, MD: equally priced homes
- 20723, MD: higher priced homes
- 20707, MD: equally priced homes
- 20755, MD: higher priced homes
- 20794, MD: less expensive homes
- 21046, MD: equally priced homes
- 21113, MD: equally priced homes
- 21076, MD: higher priced homes
Zip Codes with Similar Populations
- 20187, VA: higher priced homes
- 06001, CT: higher priced homes
- 06107, CT: higher priced homes
- 06226, CT: less expensive homes
- 85748, AZ: less expensive homes
- 85373, AZ: less expensive homes
- 07928, NJ: higher priced homes
- 46952, IN: less expensive homes
- 63112, MO: less expensive homes
- 56537, MN: less expensive homes
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