20744, Fort Washington, MD

The 20744 zip code of Fort Washington, MD has a median home value of $253,000 and a median home equity value of $183,000. This is higher than the Maryland state median home value of $186,500 and the national median home value of $177,200. The percentage of homes in the 20744 zip code that are worth more than their original purchase price is above the Maryland state average (57%) and the national average (51%).

There are a number of factors that may contribute to this high level of home equity in the 20744 zip code. One potential reason is that homes in this area are typically newer and larger than those found in other parts of Maryland or the United States. Additionally, many homeowners in this area have taken advantage of low interest rates over the past few years to increase their equity levels.

Despite these positive trends, there are also indications that prices could eventually begin to decline in the 20744 zip code. One reason for this could be an increasing number of people who are looking to buy homes but who cannot afford to do so at current prices. Another possibility is that interest rates might rise again from their current low levels, which would make it more difficult for homeowners to refinance their mortgages and increase their equity levels.