21048, Finksburg, MD

The 21048 zip code of Finksburg, MD is located in central Maryland and has a population of around 10,000. Home prices in the 21048 zip code have been on the rise for the past few years and are now among some of the highest in the state. In fact, according to Zillow, the median home value in this zip code is $269,900 which makes it one of the most expensive in Maryland.

One reason that home prices have been so high in this 21048 zip code is because there are a lot of affluent residents here. According to Forbes, approximately 30% of households in this zip code earn over $200,000 per year and there are also a lot of jobs available that pay well. Additionally, many people who live in this 21048 zip code own their homes outright which means they don’t have to worry about paying mortgage or rent payments each month.

However, despite all these positive factors, there are also some risks associated with buying a home in this 21048 zip code. For example, if you don’t have enough money saved up to cover a down payment on a home or if you lose your job then you may not be able to keep up with your mortgage payments and end up losing your home. Additionally, since house prices have been rising so quickly over the past few years it’s possible that they could eventually fall back down to earth – especially if interest rates start going up again.