21713, Boonsboro, MD

Boonsboro, MD is located in Carroll County and has a population of just over 10,000. The 21713 zip code has a median home value of $130,000 and a median household income of just over $60,000. This means that the majority of residents in this zip code are middle-class.

However, despite the relatively high incomes and modest homes values, Boonsboro is not immune to the effects of inflation. In fact, according to Zillow’s Home Value Index for ZIP Codes within 100 miles of Washington D.C., Boonsboro’s home value is actually lower than it was five years ago! This suggests that while home prices have increased marginally in recent years, they are still relatively affordable when compared to other areas in Maryland and the DC metropolitan area.

So what explains this discrepancy? One potential explanation is that Boonsboro’s housing market is less saturated than those in more affluent areas. This could be due to a number of factors – including limited availability of land near the city center or strong demand from families who want access to good schools – but it could also suggest that Boonsboro’s homes are not as expensive as they appear on paper. After all, if there were an abundance of expensive homes available for sale in Boonsboro but few buyers interested in purchasing them due to high prices tags, then Zillow would likely report lower home values for the zip code.

Regardless of the reasons behind Boonsboro’s comparatively low home values (and whether or not this will continue), it's clear that homeownership remains an important part of many local families' economic security – even in a city with modest incomes. And with so many families able to afford their own homes without having to rely on outside sources (such as inheritance or rental income), it's clear that Boonsborosettles well belowaverageforincomelevelsin Maryland!