21640, Henderson, MD

The 21640 zip code of Henderson, MD has a median home value of $157,500. This is lower than the Maryland median home value of $217,500. The 21640 zip code also has a lower than average home equity percentage of 59%. This means that there are more homes in the zip code with negative equity (less than the market value) than homes with positive equity (more than the market value).

There are several factors that could contribute to this low level of home equity in the 21640 zip code. One reason may be that many homeowners in this area have taken out large amounts of debt to purchase their homes. If these homeowners were to lose their jobs or find themselves unable to make their mortgage payments, they would likely find it difficult to regain any lost ground in their home equity. Additionally, many homeowners in this area may be overpaying for their homes relative to other areas within Maryland or the United States. This could lead to a decrease in the overall market value of homes within the 21640 zip code and an increase in the amount of negative equity held by residents.