21060, Glen Burnie, MD

The 21060 zip code of Glen Burnie, MD has a median home value of $225,000. This is a decrease from the median home value of $236,000 in 2007. The average home price in this zip code increased by 5% from 2007 to 2016.

There are many factors that could contribute to the decrease in home values in this zip code. Some possible reasons include:

-A slowdown in the economy leading to less demand for homes and property;

-An increase in foreclosures and short sales;

-A rise in interest rates which makes mortgages more expensive;

-A decline in population density which could lead to fewer potential buyers looking for homes; and

-Lack of available inventory due to high demand.