January's First-Time Homebuyer Report for 20862 Zip Code

With 483 residents, 20862 is a small zip code in Maryland. Also, with a 79.5% increase over the last 10 years, its population is growing slightly faster than other parts of the state. The 20862 zip code is an area where the vast majority of people own their homes, with an ownership ratio of 90.1%.

Price Range

The 20862 zip code has some of the more expensive homes in the state with a median home value of $639,000 and a current average list price of $813,115. The 20862 zip code reported another in a series of 30-day periods with zero home sales. The 20862 zip code usually averages 0.5 sales per month.

Curious as to which homes have been getting the most attention in the 20862 zip code? These listings have stirred up interest and produced the most views:

$600K   $924K  

Typical Dwelling

A four-bedroom detached home valued around $649,980 is considered a typical dwelling in the 20862 zip code. If a buyer was looking for a similar home, they would need good credit and a $129,996 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $94 and the property tax rate is $12.02 per $1,000 of taxable assessed value.

Get started right now by checking out 20862 homes for sale or reviewing 20862 real estate trends.


Data reported through 1/12/2017

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Ask a local expert about this area:
Long & Foster Real Estate, Inc.
Snapped 1 home in this area
Long & Foster Real Estate, Inc.
Snapped 1 home in this area
Long & Foster Real Estate, Inc.
Snapped 1 home in this area

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