21784, Sykesville, MD

The 21784 zip code of Sykesville, MD has a median home value of $119,000 and a median home equity of $128,000. This is higher than the Maryland state median home value of $106,800 and the national median home value of $177,200. The 21784 zip code also has a lower than average homeownership rate of 58%. This is due in part to the high home equity levels and low homeownership rates in this area.

The 21784 zip code has seen an increase in its home values over the past five years. The median home value increased by 10% from 2010 to 2015 while the Maryland state average only saw a 2% increase during that time period. The 21784 zip code also had a faster growth rate than both the Maryland state and national averages when looking at appreciation over the past five years. This indicates that there is strong demand for homes in this area and that buyers are able to gain an advantage over sellers by bidding up prices.

Despite these positive trends, there are some areas where prices may be vulnerable to future fluctuations. One such area is around schools - while most schools in this area are rated as good or excellent, there are some schools located in less desirable areas which could lead to decreased demand for homes near these schools if they become less desirable. Additionally, although job growth has been strong recently in this area, it's possible that future economic conditions could cause wages to rise more slowly than expected which would lead to decreased demand for homes within this zip code as well.