20816 Zip Code's October First-Time Homebuyer Report

The 20816 zip code is much younger the rest of Maryland, with a median age of 43. However, it happens to be the fourth-wealthiest zip code in the state, with a median income of $160,955 per household. The 20816 zip code market primarily consists of detached houses, accounting for 83% of the current homes in the area. The top schools in the zip code are Bannockburn Elementary School, Westland Middle School, and Bethesda-Chevy Chase High School.


According to Foursquare, Magazine Lock (Lock #6) and Westmoreland Circle are the most popular outdoor attractions in 20816. If you're looking for some recommended attractions, a favorite is Ballet Petite & Youth Performing Arts School. You could also try out the popular Georgetown Bagelry, McDonald's, and Praline Bakery & Bistro if you dine out.

Price Range

The median value of homes in the 20816 zip code is $810,000, making it the most valuable area in Maryland. At the same time, the average list price of available homes is presently $1,167,611.

Make sure you take a look at these eye-catching homes in the 20816 zip code that generated the most views from potential buyers:

$459K   $1.5M   $1.6M  

Typical Dwelling

A four-bedroom detached home valued around $1,044,413 is considered a typical dwelling in the 20816 zip code. If a buyer was looking for a similar home, they would need good credit and a $208,883 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $4,503 and the property tax rate is $12.02 per $1,000 of taxable assessed value.

Get started right now by checking out 20816 homes for sale or reviewing 20816 real estate trends.

Data reported through 10/13/2016


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