21037, Edgewater, MD

Edgewater, MD is located in Prince George's County and has a population of around 27,000. The 21037 zip code covers a total area of just over 2 square miles and has a median home value of $527,000. Home prices in Edgewater have been on the rise for the past few years, with values increasing by an average of 7% annually.

The main drivers of home equity growth in Edgewater are likely attributable to strong job growth and low interest rates. In addition, there is significant demand for housing due to the high population density and proximity to Washington D.C. Additionally, many homeowners in Edgewater have taken advantage of low interest rates to refinance their homes multiple times over the past few years.

Despite these positive trends, there are some potential risks that could affect home values in Edgewater down the road. For example, if there is a sudden increase in interest rates or if the local economy weakens significantly, then homeowners may find it harder to sell their homes at current prices. Additionally, although demand for housing remains high in Edgewater overall, there may be limited available inventory if more people decide they want to buy homes here than currently exists available units.