21120, Parkton, MD

The 21120 zip code of Parkton, Maryland has a median home value of $129,900 and a median home equity of $101,700. These values are significantly lower than the statewide median home value of $217,500 and statewide median home equity of $142,200. This indicates that the residents in the 21120 zip code are less likely to have enough money saved up to cover a potential housing crisis.

Parkton is located in Prince George's County which has one of the highest rates of poverty in Maryland. The 21120 zip code has a poverty rate of 26%. This means that over two-thirds (67%)of the residents live below the poverty line. In addition, Parkton has one of the highest rates of unemployment in Maryland with a rate of 11%. These high rates reflect not only on the economic stability but also on access to quality healthcare and education for area residents.

Despite these challenges, there are some positive indicators for area homeowners. The average home value is higher than both statewide averages and national averages. Additionally, Parkton homeowners have more equity in their homes than homeowners across Maryland as a whole. This indicates that despite difficult economic conditions for many area residents, they are still able to maintain significant levels of wealth within their homes