20670, Patuxent River, MD

The 20670 zip code of Patuxent River, MD, has a median home value of $222,000 and a median home equity value of $136,000. These values are higher than the Maryland statewide median home value of $186,500 and the national median home equity value of $142,700.

The majority (83%) of homes in the 20670 zip code are owner-occupied. This is higher than the statewide percentage (77%) and the national percentage (72%). The main reasons for this high rate of owner-occupation are likely due to the high median home values and strong demand for housing in this area.

Home prices in the 20670 zip code have increased significantly over the past few years. The average increase over the past three years has been 9%. This is much faster than both statewide (3%) and national (4%) growth rates during this time period.

There are several factors that may be contributing to these rapid increases in home prices in the 20670 zip code. These include strong demand from local residents and investors, low supply relative to demand, and limited availability of affordable housing options.