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These days, finding an affordable place to live in the 20878 area can be challenging. Home prices in 20878 are now at a median cost of $649,169, higher than the Maryland average of $450,578.
The average cost of rent is $2,564/mo in 20878, primarily driven by the current value of real estate in the 20878 area. In 20878, 31.02% of households rent, and 30.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 20878 is $13,219 per month. Households that rent pay about 19.39% of their income on rent here. 20878’s most expensive areas are in the southwestern 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
- 20899, MD: less expensive homes
- 20877, MD: less expensive homes
- 20850, MD: equally priced homes
- 20880, MD: equally priced homes
- 20874, MD: less expensive homes
- 20879, MD: less expensive homes
- 20886, MD: less expensive homes
- 20855, MD: equally priced homes
- 20876, MD: less expensive homes
- 20854, MD: higher priced homes
Zip Codes with Similar Populations
- 11691, NY: equally priced homes
- 32765, FL: less expensive homes
- 89115, NV: less expensive homes
- 60640, IL: less expensive homes
- 00953, PR: less expensive homes
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- 75070, TX: less expensive homes
- 77521, TX: less expensive homes
- 78045, TX: less expensive homes
- 80016, CO: higher priced homes
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