20687, Scotland, MD

The 20687 zip code of Scotland, MD has a median home value of $217,000. This is lower than the Maryland median home value of $269,500. The 20687 zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This is higher than the Maryland percentage of homeowners with a mortgage at 62%.

There are several factors that could contribute to the lower home values in the 20687 zip code of Scotland, MD. One possibility is that there are fewer homes for sale in this area than in other parts of Maryland. Another possibility is that the homes in this area are older and have less value. Finally, it's possible that people who live in the 20687 zip code of Scotland, MD don't have enough money to buy a home outright and they're instead borrowing money to buy a home.