Housing Insights for ZIP Code 20674 (Piney Point, MD)

Housing Summary for ZIP Code 20674

Homeowners

The median home value in ZIP Code 20674 (Piney Point, MD) is $450,000. Approximately 65.3% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 9.0%.

The average occupancy of owner-occupied units in ZIP Code 20674 is 3.36 occupants, while owner-occupied units have an aggregate average size of 3.45 bedrooms per housing unit.

Renters

In the 20674 ZIP Code, an estimated 34.7% 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 1.61 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 20674

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20674.

ZIP 20674 Maryland U.S.
Median Home Value $450,000 $433,613 $361,498
Owner-Occupied Housing Units 65.3% 66.9% 64.0%
Homeowner Vacancy Rate 9.0% 1.7% 1.6%
Average Size of Owner-Occupied Unit 3.36 2.75 2.70
Average # of Bedrooms Per Unit 3.45 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 34.7% 33.1% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 1.61 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20674 (Piney Point, MD)

The median home value in ZIP Code 20674 is $450,000. That median value is about 43% higher than the median home value of $314,800 in Maryland overall, and is 107% higher than the $217,500 the median home value in the entire U.S. Approximately 46.3% of homes in ZIP Code 20674 are valued $500,000 to $999,999. That is 171% higher than in Maryland, in which 17.1% of homes are valued at $500,000 to $999,999, and is about 306% higher than in the U.S. overall (11.4% of homes valued at $500,000 to $999,999). The home value range that the smallest portion of ZIP Code 20674 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 20674

This chart visualizes the breakdown of home values in ZIP Code 20674, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20674 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20674

See the table below for a regional comparison of home values in ZIP Code 20674.

Home Value ZIP 20674 Maryland U.S.
Less than $50,000 0.0% 2.7% 6.9%
$50,000 to $99,999 0.0% 3.7% 12.0%
$100,000 to $149,999 0.0% 6.3% 13.3%
$150,000 to $199,999 12.4% 9.9% 14.0%
$200,000 to $299,999 21.4% 24.4% 19.6%
$300,000 to $499,999 19.9% 32.8% 19.3%
$500,000 to $999,999 46.3% 17.1% 11.4%
$1,000,000 or more 0.0% 3.1% 3.4%

Home Ages in ZIP Code 20674 (Piney Point, MD)

Approximately 24.7% of homes in this Piney Point, MD region were built in 2000 to 2009. This amount of homes built in 2000 to 2009 in ZIP Code 20674 is about 117% higher than percentage of homes built in this time period in Maryland overall (11.4% of homes), and is 76% higher the percentage (14.0% of homes) in the U.S. as a whole. Additionally, an esimated 18.2% of local homes were built in 1940 to 1949. On the other end of the scale, just 2.0% of homes in this St. Mary's County ZIP Code were built in 1960 to 1969 in ZIP Code 20674. In comparison, 11.5% of homes in Maryland overall were built in 1960 to 1969, while 10.6% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 20674

A detailed regional comparison of home ages in ZIP Code 20674.

Year Built ZIP 20674 Maryland U.S.
2014 or later 2.5% 2.3% 2.5%
2010 to 2013 12.5% 2.6% 2.7%
2000 to 2009 24.7% 11.4% 14.0%
1990 to 1999 5.0% 14.3% 13.9%
1980 to 1989 14.9% 15.3% 13.4%
1970 to 1979 8.7% 14.1% 15.2%
1960 to 1969 2.0% 11.5% 10.6%
1950 to 1959 8.2% 11.4% 10.3%
1940 to 1949 18.2% 5.2% 4.9%
1939 or earlier 3.3% 11.8% 12.6%

Age of Homes in ZIP Code 20674

See the chart below for details on the age of homes in ZIP Code 20674, 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 20674

Frequently asked questions about housing in this Piney Point, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20674.

1

What is the average home value ZIP Code 20674?

The median home value in ZIP Code 20674 (Piney Point, MD) is $450,000.
2

Are homes expensive in ZIP Code 20674?

The median home value in 20674 ($450,000) is an estimated 43% higher than the aggregate median value of $314,800 in Maryland, and is 107% 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 20674?

The vacacy rate for owner-occupied housing in ZIP Code 20674 is 9.0%. This rate is 429% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20674 vacancy rate is 463% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20674 have older homes or newer construction?

In ZIP Code 20674, about 24.7% of homes were built in 2000 to 2009. That time range includes the most home construction. Also, 18.2% of homes in the region were built in 1940 to 1949. In contrast, 2.0% of homes in 20674 were built in 1960 to 1969.
5

What is the housing breakdown in ZIP Code 20674? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20674 than renter-occupied housing. Owner-occupied units make up 65.3% of housing, compared to 34.7% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20674?

The vacacy rate for rental units in ZIP Code 20674 is 0.0%. This rate is 100% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 20674 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.