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These days, finding an affordable place to live in the 20862 area can be challenging. Home prices in 20862 are now at a median cost of $770,644, higher than the Maryland average of $357,815.
The average cost of rent is $2,107/mo in 20862, primarily driven by the current value of real estate in the 20862 area. While nearly 21.31% of residents own their homes outright in 20862, 6.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in 20862 is $16,036 per month. Households that rent pay about 13.14% of their income on rent here. 20862's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 20833, MD: less expensive homes
- 20860, MD: less expensive homes
- 20777, MD: equally priced homes
- 20861, MD: equally priced homes
- 20832, MD: less expensive homes
- 21036, MD: equally priced homes
- 21029, MD: equally priced homes
- 20868, MD: less expensive homes
- 21737, MD: equally priced homes
- 20905, MD: less expensive homes
Zip Codes with Similar Populations
- 52646, IA: less expensive homes
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- 62877, IL: less expensive homes
- 62850, IL: less expensive homes
- 62643, IL: less expensive homes
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