21872, Whaleyville, MD

The 21872 zip code of Whaleyville, MD has a median home value of $191,000 and a median home equity value of $101,000. These values are significantly lower than the Maryland statewide median home value of $269,500 and the national median home equity value of $177,200.

The 21872 zip code is also experiencing significant declines in both its home values and home equity values over the past five years. The median home value decreased by 10% between 2012 and 2016 while the median home equity value decreased by 20%. This trend is likely due to several factors including low demand for housing in the area, high levels of unemployment (22%), and low incomes (the average household income in this zip code is only $39,000).

Despite these challenges, there are some homeowners in the 21872 zip code who are benefiting from rising prices. The top 5% of homeowners in this zip code have seen their homes increase in value by an average of 116% since 2012. Conversely, the bottom 25% of homeowners have seen their homes decrease in value by an average of 18%. This indicates that there is still opportunity for homeowners to gain wealth through property appreciation if they are patient and proactive about market conditions.