20609, Avenue, MD

The 20609 zip code of Avenue, MD has a median home value of $214,000. This is significantly higher than the Maryland median home value of $157,500. The 20609 zip code also has a high percentage of homes with a mortgage (77%). This is much higher than the Maryland average of 54%.

One reason for this high percentage of homes with a mortgage may be the high home equity in this zip code. The average home equity in the 20609 zip code is $146,000. This is significantly higher than the Maryland average of $111,500. It is also higher than the national average of $130,700.

This high level of home equity may be contributing to the high rate of homeownership in this zip code. The 20609 zip code has a homeownership rate of 82%. This is much higher than the Maryland average homeownership rate of 66%. It is also much higher than the national average homeownership rate of 63%.