20690, Tall Timbers, MD

Tall Timbers is located in the 20690 zip code in Montgomery County, MD. According to the 2010 census, the population of Tall Timbers was 1,914. The median household income was $86,898 and the median family income was $102,721. In Tall Timbers, the home equity and home prices are very high.

The average home value in Tall Timbers is $527,000. The average home equity value is $214,000. The average price of a house has increased by 116% since 2000. In 2000, the average price of a house was $191,700. In 2010 it was $527,000. This increase in prices can be attributed to several factors: increasing demand for homes due to an influx of new residents and an increase in job opportunities; low interest rates that have made borrowing money more affordable; and limited supply of homes available for purchase due to zoning restrictions and regulations put into place by local governments to protect the environment or maintain historical character of neighborhoods.

Despite these high prices however there are still many homeowners who are able to afford their homes thanks to their equity holdings as well as their mortgage payments which tend to be lower than those paid on comparable properties elsewhere in Montgomery County or even within Maryland as a whole. Additionally although there may be few vacant houses for sale on the market at any given time this does not mean that homeowners cannot find what they are looking for if they are willing to look beyond their immediate neighborhood boundaries or wait for a property that meets their specific needs rather than settling for something less than perfect right away.