Housing Insights for ZIP Code 20743 (Capitol Heights, MD)

Housing Summary for ZIP Code 20743

Homeowners

The median home value in ZIP Code 20743 (Capitol Heights, MD) is $227,200. Approximately 68.5% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 1.8%.

The average occupancy of owner-occupied units in ZIP Code 20743 is 2.67 occupants, while owner-occupied units have an aggregate average size of 2.96 bedrooms per housing unit.

Renters

In the 20743 ZIP Code, an estimated 31.5% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 4.1%.

Among renter-occupied units in this ZIP, the average occupancy is 2.48 occupants, while renters in this Prince George's County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 20743

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20743.

ZIP 20743 Maryland U.S.
Median Home Value $227,200 $433,613 $361,498
Owner-Occupied Housing Units 68.5% 66.9% 64.0%
Homeowner Vacancy Rate 1.8% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.67 2.75 2.70
Average # of Bedrooms Per Unit 2.96 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 31.5% 33.1% 36.0%
Rental Vacancy Rate 4.1% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.48 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20743 (Capitol Heights, MD)

The median home value in ZIP Code 20743 is $227,200. That median value is about 28% lower than the median home value of $314,800 in Maryland overall, and is 4% higher than the $217,500 the median home value in the entire U.S. An estimated 43.7% of homes in ZIP Code 20743 are valued $200,000 to $299,999. That is 79% higher than in the state of Maryland, in which 24.4% of homes are valued at $200,000 to $299,999, and is about 123% higher than in the U.S. overall (19.6% of homes valued at $200,000 to $299,999). The home value range that the smallest portion of ZIP Code 20743 homes fall into is $500,000 to $999,999 (0.2% of homes).

Home Values in ZIP Code 20743

This chart visualizes the breakdown of home values in ZIP Code 20743, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20743 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20743

See the table below for a regional comparison of home values in ZIP Code 20743.

Home Value ZIP 20743 Maryland U.S.
Less than $50,000 4.2% 2.7% 6.9%
$50,000 to $99,999 3.2% 3.7% 12.0%
$100,000 to $149,999 6.4% 6.3% 13.3%
$150,000 to $199,999 23.6% 9.9% 14.0%
$200,000 to $299,999 43.7% 24.4% 19.6%
$300,000 to $499,999 18.3% 32.8% 19.3%
$500,000 to $999,999 0.2% 17.1% 11.4%
$1,000,000 or more 0.4% 3.1% 3.4%

Home Ages in ZIP Code 20743 (Capitol Heights, MD)

Approximately 19.8% of homes in this Capitol Heights, MD region were built in 1960 to 1969. This amount of homes built in 1960 to 1969 in ZIP Code 20743 is about 72% higher than percentage of homes built in this time period in Maryland overall (11.5% of homes), and is 87% higher the percentage (10.6% of homes) in the U.S. as a whole. Additionally, an esimated 16.9% of local homes were built in 1950 to 1959. On the other end of the scale, just 1.8% of homes in this Prince George's County ZIP Code were built in 2014 or later in ZIP Code 20743. 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 20743

A detailed regional comparison of home ages in ZIP Code 20743.

Year Built ZIP 20743 Maryland U.S.
2014 or later 1.8% 2.3% 2.5%
2010 to 2013 3.4% 2.6% 2.7%
2000 to 2009 5.7% 11.4% 14.0%
1990 to 1999 11.1% 14.3% 13.9%
1980 to 1989 9.3% 15.3% 13.4%
1970 to 1979 10.6% 14.1% 15.2%
1960 to 1969 19.8% 11.5% 10.6%
1950 to 1959 16.9% 11.4% 10.3%
1940 to 1949 10.8% 5.2% 4.9%
1939 or earlier 10.6% 11.8% 12.6%

Age of Homes in ZIP Code 20743

See the chart below for details on the age of homes in ZIP Code 20743, 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 20743

Frequently asked questions about housing in this Capitol Heights, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20743.

1

What is the average home value ZIP Code 20743?

The median home value in ZIP Code 20743 (Capitol Heights, MD) is $227,200.
2

Are homes expensive in ZIP Code 20743?

The median home value in 20743 ($227,200) is an estimated 28% lower than the aggregate median value of $314,800 in Maryland, and is 4% 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 20743?

The vacacy rate for owner-occupied housing in ZIP Code 20743 is 1.8%. This rate is 6% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20743 vacancy rate is 13% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20743 have older homes or newer construction?

In ZIP Code 20743, about 19.8% of homes were built in 1960 to 1969. That time range includes the most home construction. Also, 16.9% of homes in the region were built in 1950 to 1959. In contrast, 1.8% of homes in 20743 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 20743? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20743 than renter-occupied housing. Owner-occupied units make up 68.5% of housing, compared to 31.5% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20743?

The vacacy rate for rental units in ZIP Code 20743 is 4.1%. This rate is 32% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 20743 vacancy rate is 32% lower than the entire U.S. vacancy rate of 6.0%.