20695, White Plains, MD

The 20695 zip code of White Plains, MD is located in the Baltimore-Washington Metropolitan Area. The median home value in this zip code is $1,890,000. Home equity in this zip code has increased by 9% over the past year and is currently at $1,906,000. This indicates that there are a number of homeowners who are seeing positive returns on their investments in their homes.

One reason for this increase may be that the market for homes in this area continues to be strong. In addition, many homeowners here have taken advantage of low interest rates to improve their home equity. Additionally, White Plains is a relatively affluent area and many people are able to borrow money against their homes to finance improvements or additions.

While home equity growth is generally positive news for homeowners, it can also lead to some risks if prices start to rise too quickly or if borrowers cannot repay their loans. It's important for anyone considering buying or selling a home in the 20695 zip code to consult with a qualified real estate agent who can help them understand all of the risks involved in these transactions.