20657, Lusby, MD

The 20657 zip code of Lusby, MD is located in the Baltimore metropolitan area. The median home value in this zip code is $157,000. Home equity in this zip code has increased by 16% over the past year, which is faster than the national average of 10%. The percentage of homes that are owner-occupied in this zip code is 79%, which is higher than the national average of 63%. This indicates that more people are able to borrow against their home equity to purchase a home.

There are several factors that have contributed to the increase in home equity values in Lusby. One reason is that there has been an increase in demand for homes due to an influx of families moving into the area and an increase in jobs. Another reason for the increase in home equity values is that interest rates have remained low for a longer period of time, which has made it more affordable for people to borrow against their homes. Additionally, Lusby has a low foreclosure rate, which indicates that there are not many homes that are being sold at a loss.