20708, Laurel, MD

The 20708 zip code of Laurel, MD is located in the Baltimore metropolitan area. The median home value in this zip code is $269,000. The median home equity value in this zip code is $130,000. This means that the majority of homes in this zip code are worth more than their original purchase price.

There are a number of factors that contribute to the high home values in the 20708 zip code of Laurel, MD. First and foremost, this area is highly desirable due to its proximity to both Baltimore and Washington D.C. Second, there are a large number of affluent families living in this zip code, which has resulted in an increased demand for housing stock. Finally, the market for homes in Laurel has been relatively stable over the past few years, which has helped to keep prices high.

Despite these positive factors, there are some potential downside risks associated with owning a home in the 20708 zip code of Laurel. First and foremost, there is always a risk that prices will decline over time (which has happened in other areas throughout Maryland). Additionally, if interest rates rise significantly from their current levels (which they could do at any time), homeowners may find it difficult to make their mortgage payments on their existing mortgages without experiencing significant financial hardship.