20794, Jessup, MD

The 20794 zip code of Jessup, MD has a median home value of $187,000 and a median home equity value of $141,000. These values are higher than the Maryland state median home value of $146,500 and the national median home value of $177,200. The 20794 zip code is also more expensive than the majority of zip codes in Maryland and the United States.

The 20794 zip code has a high concentration of wealthier households than other zip codes in Maryland or the United States. The top 10% of households in this zip code have a median household income above $250,000, compared to the statewide median household income of $150,700 and the national median household income of $199,800. Additionally, 5% of households in this zip code have a household income above $1 million, compared to 1% statewide and 0.3% nationally. This high concentration of wealth may be contributing to the high home values in this area.

Despite its high concentration of wealth, there is still some housing available in this area. The 20794 zip code has a lower vacancy rate (3%) than most other areas in Maryland (5%) and nationwide (4%). This indicates that there is demand for housing in this area despite its high prices.