21666, Stevensville, MD

The 21666 zip code of Stevensville, MD is located in Anne Arundel County and has a population of approximately 10,000. The median household income in the zip code is $92,500 and the median home value is $225,000. Home equity in this zip code has increased by approximately 116% since 2006, which is significantly higher than the national average of 54%. This increase can be attributed to strong job growth and low interest rates.

There are a number of factors that contribute to home equity growth in this zip code. One reason is that Stevensville has seen strong job growth over the past few years. The unemployment rate in the area currently stands at 3%, which is much lower than the national average of 5%. Additionally, there has been an influx of new residents into Stevensville who have helped to drive up demand for housing and property. Low interest rates also play a role in driving up home values; as long as there are no major economic or political events that could negatively impact the market, interest rates will stay low which will help to boost home values.

Despite these positive trends, there are some risks associated with investing in homes in this area. One potential issue could be if there were any major economic or political events that impacted the local economy or caused prices to decline; this could lead to a decrease in home equity value. Additionally, although Stevensville has seen strong job growth over recent years, it may not continue at such a high rate indefinitely. If unemployment rates or other economic indicators start to decline then buyers may become less interested in purchasing homes here and prices could drop accordingly.