21207, Gwynn Oak, MD

The 21207 zip code of Gwynn Oak, MD has a median home value of $219,000. This is higher than the Maryland median home value of $178,500. The 21207 zip code also has a higher percentage of homes with a mortgage than the Maryland median home value. The percentage of homes with a mortgage in the 21207 zip code is 66%. This is higher than the Maryland median home value of 59%.

The average price per square foot for homes in the 21207 zip code is $128 which is lower than the Maryland average price per square foot of $157. The percent of homes that are owner-occupied in the 21207 zip code is 69% while 31% are rented. This compares to the Maryland percent owner-occupied and renter-occupied at 63% and 36%, respectively.

There are many factors that contribute to home equity and home prices including location, size, condition, amenities, and neighborhood features. Home equity can provide homeowners with a cushion against unexpected expenses or economic downturns. Home prices can also be affected by many factors including interest rates, market demand, supply and demand fluctuations, zoning regulations, and construction costs.