21520, Accident, MD

The 21520 zip code of Accident, MD has a median home value of $153,000 and a median home equity value of $104,000. These values are higher than the Maryland median home value of $135,700 and the national median home equity value of $101,200. The majority (83%) of homes in the 21520 zip code are owner-occupied while 17% are rented. The average household size in the 21520 zip code is 2.5 people which is lower than the Maryland average household size of 3 people and the national average household size of 2.6 people.

The 21520 zip code has a lower percentage of households earning over $200,000 than both the Maryland percentage (15%) and the national percentage (21%). Additionally, there is a greater percentage of households earning under $50,000 in the 21520 zip code than either nationally or in Maryland (35% vs. 27% and 28%, respectively). This indicates that there may be more low-income households living in this area compared to other areas within Maryland or across the United States.

Despite these differences however, it should be noted that homeownership rates are still high in this area – at 83%. This suggests that despite some socioeconomic challenges faced by residents here, many individuals still own their homes which provides stability and security for them and their families. Additionally, although prices have increased significantly over time – especially since 2007 – they have not reached levels seen elsewhere throughout Maryland or nationwide. This suggests that although housing prices may be high relative to other areas within MD or US as a whole right now, they could potentially decrease further if market conditions worsen