Housing Insights for ZIP Code 20624 (Clements, MD)

Housing Summary for ZIP Code 20624

Homeowners

The median home value in ZIP Code 20624 (Clements, MD) is $336,900. Approximately 80.5% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 7.1%.

The average occupancy of owner-occupied units in ZIP Code 20624 is 2.85 occupants, while owner-occupied units have an aggregate average size of 3.12 bedrooms per housing unit.

Renters

In the 20624 ZIP Code, an estimated 19.5% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 0.0%.

Among renter-occupied units in this ZIP, the average occupancy is 2.14 occupants, while renters in this St. Mary's County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 20624

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20624.

ZIP 20624 Maryland U.S.
Median Home Value $336,900 $434,761 $365,011
Owner-Occupied Housing Units 80.5% 66.9% 64.0%
Homeowner Vacancy Rate 7.1% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.85 2.75 2.70
Average # of Bedrooms Per Unit 3.12 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 19.5% 33.1% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.14 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20624 (Clements, MD)

The median home value in ZIP Code 20624 is $336,900. That median value is about 7% higher than the median home value of $314,800 in Maryland overall, and is 55% higher than the $217,500 the median home value in the entire U.S. Approximately 36.4% of homes in ZIP Code 20624 are valued $300,000 to $499,999. That is 11% higher than in Maryland, in which 32.8% of homes are valued at $300,000 to $499,999, and is about 89% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 20624 homes fall into is $50,000 to $99,999 (0.0% of homes).

Home Values in ZIP Code 20624

This chart visualizes the breakdown of home values in ZIP Code 20624, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20624 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20624

See the table below for a regional comparison of home values in ZIP Code 20624.

Home Value ZIP 20624 Maryland U.S.
Less than $50,000 1.9% 2.7% 6.9%
$50,000 to $99,999 0.0% 3.7% 12.0%
$100,000 to $149,999 7.9% 6.3% 13.3%
$150,000 to $199,999 3.3% 9.9% 14.0%
$200,000 to $299,999 29.4% 24.4% 19.6%
$300,000 to $499,999 36.4% 32.8% 19.3%
$500,000 to $999,999 17.0% 17.1% 11.4%
$1,000,000 or more 4.1% 3.1% 3.4%

Home Ages in ZIP Code 20624 (Clements, MD)

Approximately 24.4% of homes in this Clements, MD region were built in 1990 to 1999. This amount of homes built in 1990 to 1999 in ZIP Code 20624 is about 71% higher than percentage of homes built in this time period in Maryland overall (14.3% of homes), and is 76% higher the percentage (13.9% of homes) in the U.S. as a whole. Additionally, an esimated 21.4% of local homes were built in 1970 to 1979. On the other end of the scale, just 1.4% of homes in this St. Mary's County ZIP Code were built in 1940 to 1949 in ZIP Code 20624. In comparison, 5.2% of homes in Maryland overall were built in 1940 to 1949, while 4.9% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 20624

A detailed regional comparison of home ages in ZIP Code 20624.

Year Built ZIP 20624 Maryland U.S.
2014 or later 1.4% 2.3% 2.5%
2010 to 2013 4.3% 2.6% 2.7%
2000 to 2009 17.3% 11.4% 14.0%
1990 to 1999 24.4% 14.3% 13.9%
1980 to 1989 7.7% 15.3% 13.4%
1970 to 1979 21.4% 14.1% 15.2%
1960 to 1969 1.8% 11.5% 10.6%
1950 to 1959 14.3% 11.4% 10.3%
1940 to 1949 1.4% 5.2% 4.9%
1939 or earlier 6.1% 11.8% 12.6%

Age of Homes in ZIP Code 20624

See the chart below for details on the age of homes in ZIP Code 20624, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 20624

Frequently asked questions about housing in this Clements, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20624.

1

What is the average home value ZIP Code 20624?

The median home value in ZIP Code 20624 (Clements, MD) is $336,900.
2

Are homes expensive in ZIP Code 20624?

The median home value in 20624 ($336,900) is an estimated 7% higher than the aggregate median value of $314,800 in Maryland, and is 55% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 20624?

The vacacy rate for owner-occupied housing in ZIP Code 20624 is 7.1%. This rate is 318% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20624 vacancy rate is 344% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20624 have older homes or newer construction?

In ZIP Code 20624, about 24.4% of homes were built in 1990 to 1999. That time range includes the most home construction. Also, 21.4% of homes in the region were built in 1970 to 1979. In contrast, 1.4% of homes in 20624 were built in 1940 to 1949.
5

What is the housing breakdown in ZIP Code 20624? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20624 than renter-occupied housing. Owner-occupied units make up 80.5% of housing, compared to 19.5% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20624?

The vacacy rate for rental units in ZIP Code 20624 is 0.0%. This rate is 100% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 20624 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.