20701, Annapolis Junction, MD

Annapolis Junction is located in the 20701 zip code in Anne Arundel County, Maryland. According to the 2010 U.S. Census, the population of Annapolis Junction was 2,816. The median household income was $92,922 and the median family income was $107,532. In 2010, there were 812 households and 1,711 families residing in the 20701 zip code.

The home equity and home prices in Annapolis Junction are very high compared to other areas of Maryland. The average home value in Annapolis Junction is $334,000 which is more than double the statewide average of $130,000. Additionally, the home equity rate in Annapolis Junction is almost triple the statewide average of 5%. This indicates that many homes in Annapolis Junction are worth a lot more than what people are able to pay off with their monthly incomes.

One reason for this high level of home values and home equity is that there are a lot of affluent residents living in Annapolis Junction. The percentage of households earning over $200,000 annually is significantly higher than either statewide or national averages. Additionally, many homes in Annapolis Junction were built before 1978 which means that they are considered vintage homes and have a higher value due to their age and rarity.

Despite these high levels of home values and home equity, it is important to keep in mind that not everyone can afford to live in an area like Annapolis Junction where homes are typically worth several hundred thousand dollars or more. Even though most homes here cost more than people can realistically afford on a monthly basis, there are still plenty of affordable housing options available if someone wants them.