Housing Insights for ZIP Code 20640 (Indian Head, MD)

Housing Summary for ZIP Code 20640

Homeowners

The median home value in ZIP Code 20640 (Indian Head, MD) is $239,400. Approximately 76.9% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.9%.

The average occupancy of owner-occupied units in ZIP Code 20640 is 2.69 occupants, while owner-occupied units have an aggregate average size of 3.27 bedrooms per housing unit.

Renters

In the 20640 ZIP Code, an estimated 23.1% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 10.3%.

Among renter-occupied units in this ZIP, the average occupancy is 2.81 occupants, while renters in this Charles County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 20640

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20640.

ZIP 20640 Maryland U.S.
Median Home Value $239,400 $430,752 $361,498
Owner-Occupied Housing Units 76.9% 66.9% 64.0%
Homeowner Vacancy Rate 0.9% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.69 2.75 2.70
Average # of Bedrooms Per Unit 3.27 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 23.1% 33.1% 36.0%
Rental Vacancy Rate 10.3% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.81 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20640 (Indian Head, MD)

The median home value in ZIP Code 20640 is $239,400. That median value is about 24% lower than the median home value of $314,800 in Maryland overall, and is 10% higher than the $217,500 the median home value in the entire U.S. Approximately 32.4% of homes in ZIP Code 20640 are valued $300,000 to $499,999. That is 1% lower than in Maryland, in which 32.8% of homes are valued at $300,000 to $499,999, and is about 68% 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 20640 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 20640

This chart visualizes the breakdown of home values in ZIP Code 20640, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20640 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20640

See the table below for a regional comparison of home values in ZIP Code 20640.

Home Value ZIP 20640 Maryland U.S.
Less than $50,000 6.6% 2.7% 6.9%
$50,000 to $99,999 9.3% 3.7% 12.0%
$100,000 to $149,999 10.4% 6.3% 13.3%
$150,000 to $199,999 13.0% 9.9% 14.0%
$200,000 to $299,999 23.4% 24.4% 19.6%
$300,000 to $499,999 32.4% 32.8% 19.3%
$500,000 to $999,999 5.0% 17.1% 11.4%
$1,000,000 or more 0.0% 3.1% 3.4%

Home Ages in ZIP Code 20640 (Indian Head, MD)

Approximately 23.4% of homes in this Indian Head, MD region were built in 2000 to 2009. This amount of homes built in 2000 to 2009 in ZIP Code 20640 is about 105% higher than percentage of homes built in this time period in Maryland overall (11.4% of homes), and is 67% higher the percentage (14.0% of homes) in the U.S. as a whole. Additionally, an esimated 13.7% of local homes were built in 1990 to 1999. On the other end of the scale, just 0.5% of homes in this Charles County ZIP Code were built in 2014 or later in ZIP Code 20640. In comparison, 2.3% of homes in Maryland overall were built in 2014 or later, while 2.5% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 20640

A detailed regional comparison of home ages in ZIP Code 20640.

Year Built ZIP 20640 Maryland U.S.
2014 or later 0.5% 2.3% 2.5%
2010 to 2013 2.0% 2.6% 2.7%
2000 to 2009 23.4% 11.4% 14.0%
1990 to 1999 13.7% 14.3% 13.9%
1980 to 1989 9.0% 15.3% 13.4%
1970 to 1979 8.8% 14.1% 15.2%
1960 to 1969 11.4% 11.5% 10.6%
1950 to 1959 10.4% 11.4% 10.3%
1940 to 1949 12.3% 5.2% 4.9%
1939 or earlier 8.8% 11.8% 12.6%

Age of Homes in ZIP Code 20640

See the chart below for details on the age of homes in ZIP Code 20640, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

">

Housing FAQs for ZIP Code 20640

Frequently asked questions about housing in this Indian Head, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20640.

1

What is the average home value ZIP Code 20640?

The median home value in ZIP Code 20640 (Indian Head, MD) is $239,400.
2

Are homes expensive in ZIP Code 20640?

The median home value in 20640 ($239,400) is an estimated 24% lower than the aggregate median value of $314,800 in Maryland, and is 10% 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 20640?

The vacacy rate for owner-occupied housing in ZIP Code 20640 is 0.9%. This rate is 47% lower than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20640 vacancy rate is 44% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20640 have older homes or newer construction?

In ZIP Code 20640, about 23.4% of homes were built in 2000 to 2009. That time range includes the most home construction. Also, 13.7% of homes in the region were built in 1990 to 1999. In contrast, 0.5% of homes in 20640 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 20640? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20640 than renter-occupied housing. Owner-occupied units make up 76.9% of housing, compared to 23.1% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20640?

The vacacy rate for rental units in ZIP Code 20640 is 10.3%. This rate is 72% higher than the overall Maryland vacancy rate of 6.0%. Additionally, the 20640 vacancy rate is 72% higher than the entire U.S. vacancy rate of 6.0%.