Housing Insights for ZIP Code 20744 (Fort Washington, MD)

Housing Summary for ZIP Code 20744

Homeowners

The median home value in ZIP Code 20744 (Fort Washington, MD) is $322,900. Approximately 78.5% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.8%.

The average occupancy of owner-occupied units in ZIP Code 20744 is 2.93 occupants, while owner-occupied units have an aggregate average size of 3.68 bedrooms per housing unit.

Renters

In the 20744 ZIP Code, an estimated 21.5% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 7.3%.

Among renter-occupied units in this ZIP, the average occupancy is 3.14 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 20744

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20744.

ZIP 20744 Maryland U.S.
Median Home Value $322,900 $430,752 $361,498
Owner-Occupied Housing Units 78.5% 66.9% 64.0%
Homeowner Vacancy Rate 2.8% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.93 2.75 2.70
Average # of Bedrooms Per Unit 3.68 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 21.5% 33.1% 36.0%
Rental Vacancy Rate 7.3% 6.0% 6.0%
Average Size of Renter-Occupied Unit 3.14 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20744 (Fort Washington, MD)

The median home value in ZIP Code 20744 is $322,900. That median value is about 3% higher than the median home value of $314,800 in Maryland overall, and is 48% higher than the $217,500 the median home value in the entire U.S. An estimated 45.4% of homes in ZIP Code 20744 are valued $300,000 to $499,999. That is 38% higher than in the state of Maryland, in which 32.8% of homes are valued at $300,000 to $499,999, and is about 135% 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 20744 homes fall into is $50,000 to $99,999 (0.6% of homes).

Home Values in ZIP Code 20744

This chart visualizes the breakdown of home values in ZIP Code 20744, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20744 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20744

See the table below for a regional comparison of home values in ZIP Code 20744.

Home Value ZIP 20744 Maryland U.S.
Less than $50,000 1.2% 2.7% 6.9%
$50,000 to $99,999 0.6% 3.7% 12.0%
$100,000 to $149,999 3.0% 6.3% 13.3%
$150,000 to $199,999 5.5% 9.9% 14.0%
$200,000 to $299,999 32.5% 24.4% 19.6%
$300,000 to $499,999 45.4% 32.8% 19.3%
$500,000 to $999,999 10.5% 17.1% 11.4%
$1,000,000 or more 1.3% 3.1% 3.4%

Home Ages in ZIP Code 20744 (Fort Washington, MD)

Approximately 23.6% of homes in this Fort Washington, MD region were built in 1970 to 1979. This amount of homes built in 1970 to 1979 in ZIP Code 20744 is about 67% higher than percentage of homes built in this time period in Maryland overall (14.1% of homes), and is 55% higher the percentage (15.2% of homes) in the U.S. as a whole. Additionally, an esimated 21.7% of local homes were built in 1990 to 1999. On the other end of the scale, just 0.8% of homes in this Prince George's County ZIP Code were built in 2014 or later in ZIP Code 20744. 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 20744

A detailed regional comparison of home ages in ZIP Code 20744.

Year Built ZIP 20744 Maryland U.S.
2014 or later 0.8% 2.3% 2.5%
2010 to 2013 1.5% 2.6% 2.7%
2000 to 2009 10.1% 11.4% 14.0%
1990 to 1999 21.7% 14.3% 13.9%
1980 to 1989 15.7% 15.3% 13.4%
1970 to 1979 23.6% 14.1% 15.2%
1960 to 1969 16.0% 11.5% 10.6%
1950 to 1959 7.2% 11.4% 10.3%
1940 to 1949 2.0% 5.2% 4.9%
1939 or earlier 1.2% 11.8% 12.6%

Age of Homes in ZIP Code 20744

See the chart below for details on the age of homes in ZIP Code 20744, 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 20744

Frequently asked questions about housing in this Fort Washington, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20744.

1

What is the average home value ZIP Code 20744?

The median home value in ZIP Code 20744 (Fort Washington, MD) is $322,900.
2

Are homes expensive in ZIP Code 20744?

The median home value in 20744 ($322,900) is an estimated 3% higher than the aggregate median value of $314,800 in Maryland, and is 48% 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 20744?

The vacacy rate for owner-occupied housing in ZIP Code 20744 is 2.8%. This rate is 65% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20744 vacancy rate is 75% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20744 have older homes or newer construction?

In ZIP Code 20744, about 23.6% of homes were built in 1970 to 1979. That time range includes the most home construction. Also, 21.7% of homes in the region were built in 1990 to 1999. In contrast, 0.8% of homes in 20744 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 20744? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20744 than renter-occupied housing. Owner-occupied units make up 78.5% of housing, compared to 21.5% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20744?

The vacacy rate for rental units in ZIP Code 20744 is 7.3%. This rate is 22% higher than the overall Maryland vacancy rate of 6.0%. Additionally, the 20744 vacancy rate is 22% higher than the entire U.S. vacancy rate of 6.0%.