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These days, finding an affordable place to live in the 20740 area can be challenging. Home prices in 20740 are now at a median cost of $365,102, higher than the Maryland average of $357,815.
The average cost of rent is $1,594/mo in 20740, primarily driven by the current value of real estate in the 20740 area. While nearly 29.34% of residents own their homes outright in 20740, 58.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in 20740 is $5,586 per month. Households that rent pay about 28.54% of their income on rent here. 20740's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 20742, MD: equally priced homes
- 20770, MD: less expensive homes
- 20783, MD: less expensive homes
- 20737, MD: equally priced homes
- 20903, MD: equally priced homes
- 20782, MD: equally priced homes
- 20781, MD: equally priced homes
- 20705, MD: less expensive homes
- 20784, MD: less expensive homes
- 20710, MD: less expensive homes
Zip Codes with Similar Populations
- 78418, TX: less expensive homes
- 02062, MA: higher priced homes
- 92679, CA: higher priced homes
- 85743, AZ: less expensive homes
- 80108, CO: higher priced homes
- 76092, TX: higher priced homes
- 02038, MA: higher priced homes
- 54401, WI: less expensive homes
- 53546, WI: less expensive homes
- 46544, IN: less expensive homes
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