21623, Church Hill, MD

Church Hill, MD is located in Baltimore County and has a population of approximately 27,000. The median household income in the 21623 zip code is $87,500 and the median home value is $269,900. Over the past five years, home prices have increased by an average of 10%. In terms of home equity, Church Hill residents have an average net worth of $153,700.

There are a number of factors that contribute to the high home values in Church Hill. First and foremost, Church Hill is located in one of Baltimore's most desirable neighborhoods. Second, there are a number of well-maintained homes in the area that have been well-loved for many years. Third, there is a strong demand for housing in Church Hill due to its proximity to many amenities (including downtown Baltimore and Johns Hopkins University). Finally, Church Hill residents are generally affluent and able to afford high prices for homes.

Despite these positive factors, there are some challenges facing homeowners in Church Hill. First and foremost, there is a limited supply of available housing stock which has driven up prices significantly over the past few years. This has made it difficult for some people to purchase or rent homes within the area. Additionally, although incomes have increased over time*, wages haven't kept pace with rising costs so many people are still struggling to afford homes on their own*. Lastly*, although home values have remained relatively stable compared to other areas across Maryland*, they could potentially decline if interest rates rise or if another recession hits*.