21632, Federalsburg, MD

The 21632 zip code of Federalsburg, MD has a median home value of $183,000 and a median home equity value of $119,000. The 21632 zip code is located in the Eastern Shore region of Maryland and has a population of approximately 2,500.

There are several factors that contribute to the high home values in the 21632 zip code. Federalsburg is located in an affluent area with a high rate of home ownership and low rates of foreclosure. Additionally, Federalsburg is close to major metropolitan areas such as Baltimore and Washington D.C., which contributes to increased demand for housing. Finally, Federalsburg has experienced relatively low levels of unemployment over the past few years which has helped to boost home values.

Despite these positive factors, there are some challenges facing homeowners in the 21632 zip code. One issue is that Federalsburg's economy is still recovering from the recession, which may lead to slower sales and reduced demand for homes. Additionally, there is a limited number of available housing units in the area which could lead to higher prices if no new development projects are approved in the near future.