20601, Waldorf, MD

The Waldorf, MD 20601 zip code has a median home value of $217,500 and a median home equity of $101,000. This means that the majority of homes in this zip code are worth more than their original purchase price, and many homeowners have significant equity in their homes.

Home values in Waldorf have been steadily increasing over the past few years. The average home value in the zip code was $203,500 as of September 2017, up from $179,500 as of September 2016. Over the past five years, the average home value has increased by nearly 20%.

One reason for this uptick in home values is likely due to strong demand for housing in Waldorf. The population of Waldorf has been growing rapidly over the past few years, and there are now plenty of people looking to buy or rent homes here. Additionally, many new construction projects have recently been completed or are under development in Waldorf – adding even more homes to the market.

Despite these positive trends, there is still some uncertainty surrounding the future direction of home prices in Waldorf. While it's definitely possible that prices will continue to rise over time, there's no guarantee that they will do so at a consistent rate – especially if interest rates begin to rise again (which they very well could). In any case, homeowners who are able to afford it should definitely consider investing some money into their homes through refinancing or purchasing additional property insurance coverage.