20693, Welcome, MD

Welcome, MD is located in Montgomery County and has a population of over 100,000. The median household income is $87,711 and the median home value is $269,900. The 20693 zip code has a home equity rate of 10.5% and a home price index of 9.8%.

There are a total of 1,927 homes in the 20693 zip code. The average size of these homes is 2,756 square feet and the average price per square foot is $134. The majority (92%) of these homes were built in the 1990s. There are also a small number (6%) of homes that were built in the 2000s and a very small number (0%) that were built in the 2010s.

The 20693 zip code has an average home equity rate of 10.5%. This means that on average, homeowners in this zip code have 10% more equity than what they paid for their home. Home prices have increased by 9.8% since 2013 which means that homeowners have seen their equity grow by over 8%. Over the past five years, there has been an increase of 116% in the amount homeowners have gained through appreciation on their home values compared to inflation during this same time period (+$191,500). This indicates that homeowners are doing well financially and are able to maintain or increase their standard of living despite rising housing costs throughout Maryland