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These days, finding an affordable place to live in the 20742 area can be challenging. Home prices in 20742 are now at a median cost of $450,000, lower than the Maryland average of $450,578.
The average cost of rent is $1,276/mo in 20742, primarily driven by the current value of real estate in the 20742 area. In 20742, 93.56% of households rent, and 44.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 20742 is $2,077 per month. Households that rent pay about 61.45% of their income on rent here. 20742’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 20740, MD: equally priced homes
- 20783, MD: less expensive homes
- 20782, MD: equally priced homes
- 20903, MD: equally priced homes
- 20737, MD: less expensive homes
- 20781, MD: equally priced homes
- 20912, MD: higher priced homes
- 20770, MD: less expensive homes
- 20712, MD: higher priced homes
- 20722, MD: less expensive homes
Zip Codes with Similar Populations
- 00653, PR: less expensive homes
- 49738, MI: less expensive homes
- 49460, MI: less expensive homes
- 49408, MI: less expensive homes
- 48164, MI: less expensive homes
- 48109, MI: equally priced homes
- 48074, MI: less expensive homes
- 45157, OH: less expensive homes
- 45107, OH: less expensive homes
- 44481, OH: less expensive homes
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