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These days, finding an affordable place to live in the 20842 area can be challenging. Home prices in 20842 are now at a median cost of $917,721, higher than the Maryland average of $450,578.
The average cost of rent is $1,996/mo in 20842, primarily driven by the current value of real estate in the 20842 area. In 20842, 14.82% of households rent, and 30.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 20842 is $16,626 per month. Households that rent pay about 12.01% of their income on rent here. 20842’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern 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
- 20838, MD: less expensive homes
- 20839, MD: equally priced homes
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- 20841, MD: less expensive homes
- 21790, MD: less expensive homes
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- 20871, MD: less expensive homes
- 20874, MD: less expensive homes
- 21777, MD: less expensive homes
- 21717, MD: less expensive homes
Zip Codes with Similar Populations
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