Housing Insights for ZIP Code 20693 (Welcome, MD)

Housing Summary for ZIP Code 20693

Homeowners

The median home value in ZIP Code 20693 (Welcome, MD) is $391,900. Approximately 87.4% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 15.0%.

The average occupancy of owner-occupied units in ZIP Code 20693 is 2.72 occupants, while owner-occupied units have an aggregate average size of 3.83 bedrooms per housing unit.

Renters

In the 20693 ZIP Code, an estimated 12.6% 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 1.98 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 20693

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20693.

ZIP 20693 Maryland U.S.
Median Home Value $391,900 $433,613 $361,498
Owner-Occupied Housing Units 87.4% 66.9% 64.0%
Homeowner Vacancy Rate 15.0% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.72 2.75 2.70
Average # of Bedrooms Per Unit 3.83 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 12.6% 33.1% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 1.98 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20693 (Welcome, MD)

The median home value in ZIP Code 20693 is $391,900. That median value is about 24% higher than the median home value of $314,800 in Maryland overall, and is 80% higher than the $217,500 the median home value in the entire U.S. Approximately 71.5% of homes in ZIP Code 20693 are valued $300,000 to $499,999. That is 118% higher than in Maryland, in which 32.8% of homes are valued at $300,000 to $499,999, and is about 270% 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 20693 homes fall into is $150,000 to $199,999 (0.0% of homes).

Home Values in ZIP Code 20693

This chart visualizes the breakdown of home values in ZIP Code 20693, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20693 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20693

See the table below for a regional comparison of home values in ZIP Code 20693.

Home Value ZIP 20693 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 0.0% 9.9% 14.0%
$200,000 to $299,999 19.1% 24.4% 19.6%
$300,000 to $499,999 71.5% 32.8% 19.3%
$500,000 to $999,999 5.8% 17.1% 11.4%
$1,000,000 or more 3.6% 3.1% 3.4%

Home Ages in ZIP Code 20693 (Welcome, MD)

Approximately 26.3% of homes in this Welcome, MD region were built in 2000 to 2009. This amount of homes built in 2000 to 2009 in ZIP Code 20693 is about 131% higher than percentage of homes built in this time period in Maryland overall (11.4% of homes), and is 88% higher the percentage (14.0% of homes) in the U.S. as a whole. Additionally, an esimated 26.3% of local homes were built in 1990 to 1999. On the other end of the scale, just 0.0% of homes in this Charles County ZIP Code were built in 1940 to 1949 in ZIP Code 20693. 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 20693

A detailed regional comparison of home ages in ZIP Code 20693.

Year Built ZIP 20693 Maryland U.S.
2014 or later 0.0% 2.3% 2.5%
2010 to 2013 0.0% 2.6% 2.7%
2000 to 2009 26.3% 11.4% 14.0%
1990 to 1999 26.3% 14.3% 13.9%
1980 to 1989 18.6% 15.3% 13.4%
1970 to 1979 16.2% 14.1% 15.2%
1960 to 1969 2.1% 11.5% 10.6%
1950 to 1959 0.0% 11.4% 10.3%
1940 to 1949 0.0% 5.2% 4.9%
1939 or earlier 10.4% 11.8% 12.6%

Age of Homes in ZIP Code 20693

See the chart below for details on the age of homes in ZIP Code 20693, 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 20693

Frequently asked questions about housing in this Welcome, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20693.

1

What is the average home value ZIP Code 20693?

The median home value in ZIP Code 20693 (Welcome, MD) is $391,900.
2

Are homes expensive in ZIP Code 20693?

The median home value in 20693 ($391,900) is an estimated 24% higher than the aggregate median value of $314,800 in Maryland, and is 80% 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 20693?

The vacacy rate for owner-occupied housing in ZIP Code 20693 is 15.0%. This rate is 782% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20693 vacancy rate is 838% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20693 have older homes or newer construction?

In ZIP Code 20693, about 26.3% of homes were built in 2000 to 2009. That time range includes the most home construction. Also, 26.3% of homes in the region were built in 1990 to 1999. In contrast, 0.0% of homes in 20693 were built in 1940 to 1949.
5

What is the housing breakdown in ZIP Code 20693? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20693 than renter-occupied housing. Owner-occupied units make up 87.4% of housing, compared to 12.6% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20693?

The vacacy rate for rental units in ZIP Code 20693 is 0.0%. This rate is 100% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 20693 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.