20602, Waldorf, MD

The 20602 zip code of Waldorf, MD has a median home value of $325,000. This is higher than the Maryland median home value of $269,500. The Waldorf zip code also has a higher than average percentage of homes with equity (77%). This means that homeowners in this zip code have more money available to them to use as they see fit.

One reason for the high equity rate in the Waldorf zip code may be due to its high population density. More people living in close proximity means that there is more opportunity for people to collaborate and form relationships which can lead to increased wealth accumulation. Additionally, Waldorf is located within a desirable area with plenty of amenities and opportunities nearby, which may also contribute to the high equity rate.