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These days, finding an affordable place to live in the 20816 area can be challenging. Home prices in 20816 are now at a median cost of $1,242,673, higher than the Maryland average of $450,578.
The average cost of rent is $3,008/mo in 20816, primarily driven by the current value of real estate in the 20816 area. In 20816, 16.67% of households rent, and 34.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 20816 is $17,573 per month. Households that rent pay about 17.12% of their income on rent here. 20816’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern 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
- 20812, MD: higher priced homes
- 20016, DC: equally priced homes
- 20815, MD: equally priced homes
- 20015, DC: equally priced homes
- 20818, MD: equally priced homes
- 20814, MD: less expensive homes
- 20817, MD: equally priced homes
- 20008, DC: less expensive homes
- 20889, MD: equally priced homes
- 22101, VA: higher priced homes
Zip Codes with Similar Populations
- 00907, PR: less expensive homes
- 03246, NH: less expensive homes
- 05641, VT: less expensive homes
- 37377, TN: less expensive homes
- 37771, TN: less expensive homes
- 84014, UT: less expensive homes
- 78642, TX: less expensive homes
- 43528, OH: less expensive homes
- 77979, TX: less expensive homes
- 44906, OH: less expensive homes
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