20759, Fulton, MD

The 20759 zip code of Fulton, MD is located in Montgomery County and has a population of approximately 37,000. The median household income in this zip code is $101,000, and the median home value is $269,500. Home equity in this zip code is currently at an all-time high of $403,000.

According to Zillow’s analysis of data from the National Association of Realtors®, the average home value in the 20759 zip code has increased by 9.2% over the past year and by 14.4% over the past three years. This growth rate outpaces both the national average (6%) and Montgomery County’s average (7%).

One reason for this strong appreciation trend may be that there are relatively few homes for sale in this zip code compared to other areas of Montgomery County. In fact, only 2% of homes for sale are currently available – well below the countywide average of 5%. This shortage may be contributing to elevated prices as buyers have more power to demand higher prices from sellers.

Another factor that may be driving up home values in this area is low interest rates – which have been at historic lows for several years now. This makes it more affordable for buyers to borrow money against their home equity than it would be if interest rates were higher. Additionally, Fulton enjoys a very low unemployment rate – 4%, which may also contribute to elevated prices as potential homebuyers are more likely to have access to ample financing options than those living in areas with higher unemployment rates.