20010, Washington, DC

The 20010 zip code of Washington, DC has a median home value of $242,000 and a median home equity of $101,000. This is significantly higher than the national median home value of $177,500 and the national median home equity of $77,200. The 20010 zip code also has a significantly higher percentage of homes with a mortgage (60%) than the national average (41%).

One possible explanation for this discrepancy is that the 20010 zip code is more affluent than the national average. The percentage of households earning over $100,000 in this zip code is much higher than the national average (14% vs. 5%). Additionally, the number of households earning over $200,000 is also much higher in this zip code (5% vs. 1%). These high-income earners may be more likely to have access to ample credit and thus be able to purchase a home with a mortgage.

Another possible explanation for the high home values in the 20010 zip code is that there are more expensive homes available here than in other parts of Washington, DC. The average price per square foot in this zipcode is significantly higher ($269 vs.$175). This may be due to factors such as proximity to desirable neighborhoods or excellent schools. Alternatively, it may be because there are fewer low-priced homes available in this area which would lower its overall market value.