20603, Waldorf, MD

The 20603 zip code of Waldorf, MD has a median home value of $269,000. This is lower than the Maryland median home value of $328,500. The Waldorf area has seen a decrease in home values over the past few years. In 2016, the median home value was $269,000 while in 2017 it had decreased to $259,000. This trend may continue as there are currently no active listings in the 20603 zip code.

One reason for this decrease in home values could be due to the current market conditions. The US economy is still recovering from the Great Recession and many people are looking to buy homes that are less expensive than they were before. Additionally, there have been recent reports of fraud and scamming within the housing market which could also be contributing factors to decreasing prices.

Despite these challenges, there are still some homeowners who have seen an increase in their home equity since purchasing their property. Homeowners who have taken advantage of low interest rates and have made necessary repairs or upgrades to their homes may see an increase in their equity over time.