Housing Insights for ZIP Code 20841 (Boyds, MD)

Housing Summary for ZIP Code 20841

Homeowners

The median home value in ZIP Code 20841 (Boyds, MD) is $607,200. Approximately 93.2% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 4.0%.

The average occupancy of owner-occupied units in ZIP Code 20841 is 3.44 occupants, while owner-occupied units have an aggregate average size of 4.01 bedrooms per housing unit.

Renters

In the 20841 ZIP Code, an estimated 6.8% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 7.1%.

Among renter-occupied units in this ZIP, the average occupancy is 4.30 occupants, while renters in this Montgomery County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 20841

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20841.

ZIP 20841 Maryland U.S.
Median Home Value $607,200 $430,752 $361,498
Owner-Occupied Housing Units 93.2% 66.9% 64.0%
Homeowner Vacancy Rate 4.0% 1.7% 1.6%
Average Size of Owner-Occupied Unit 3.44 2.75 2.70
Average # of Bedrooms Per Unit 4.01 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 6.8% 33.1% 36.0%
Rental Vacancy Rate 7.1% 6.0% 6.0%
Average Size of Renter-Occupied Unit 4.30 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20841 (Boyds, MD)

The median home value in ZIP Code 20841 is $607,200. That median value is about 93% higher than the median home value of $314,800 in Maryland overall, and is 179% higher than the $217,500 the median home value in the entire U.S. In ZIP Code 20841, approximately 71.5% of homes are valued $500,000 to $999,999. That is 318% higher than in Maryland, in which 17.1% of homes are valued at $500,000 to $999,999, and is about 527% 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 20841 homes fall into is $50,000 to $99,999 (0.0% of homes).

Home Values in ZIP Code 20841

This chart visualizes the breakdown of home values in ZIP Code 20841, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20841 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20841

See the table below for a regional comparison of home values in ZIP Code 20841.

Home Value ZIP 20841 Maryland U.S.
Less than $50,000 0.8% 2.7% 6.9%
$50,000 to $99,999 0.0% 3.7% 12.0%
$100,000 to $149,999 0.4% 6.3% 13.3%
$150,000 to $199,999 2.8% 9.9% 14.0%
$200,000 to $299,999 2.8% 24.4% 19.6%
$300,000 to $499,999 17.3% 32.8% 19.3%
$500,000 to $999,999 71.5% 17.1% 11.4%
$1,000,000 or more 4.4% 3.1% 3.4%

Home Ages in ZIP Code 20841 (Boyds, MD)

Approximately 62.4% of homes in this Boyds, MD region were built in 2000 to 2009. This amount of homes built in 2000 to 2009 in ZIP Code 20841 is about 447% higher than percentage of homes built in this time period in Maryland overall (11.4% of homes), and is 346% higher the percentage (14.0% of homes) in the U.S. as a whole. Additionally, an esimated 12.7% of local homes were built in 2014 or later. On the other end of the scale, just 1.0% of homes in this Montgomery County ZIP Code were built in 1960 to 1969 in ZIP Code 20841. 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 20841

A detailed regional comparison of home ages in ZIP Code 20841.

Year Built ZIP 20841 Maryland U.S.
2014 or later 12.7% 2.3% 2.5%
2010 to 2013 1.7% 2.6% 2.7%
2000 to 2009 62.4% 11.4% 14.0%
1990 to 1999 9.7% 14.3% 13.9%
1980 to 1989 3.1% 15.3% 13.4%
1970 to 1979 2.1% 14.1% 15.2%
1960 to 1969 1.0% 11.5% 10.6%
1950 to 1959 2.3% 11.4% 10.3%
1940 to 1949 1.9% 5.2% 4.9%
1939 or earlier 3.2% 11.8% 12.6%

Age of Homes in ZIP Code 20841

See the chart below for details on the age of homes in ZIP Code 20841, 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 20841

Frequently asked questions about housing in this Boyds, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20841.

1

What is the average home value ZIP Code 20841?

The median home value in ZIP Code 20841 (Boyds, MD) is $607,200.
2

Are homes expensive in ZIP Code 20841?

The median home value in 20841 ($607,200) is an estimated 93% higher than the aggregate median value of $314,800 in Maryland, and is 179% 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 20841?

The vacacy rate for owner-occupied housing in ZIP Code 20841 is 4.0%. This rate is 135% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20841 vacancy rate is 150% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20841 have older homes or newer construction?

In ZIP Code 20841, about 62.4% of homes were built in 2000 to 2009. That time range includes the most home construction. Also, 12.7% of homes in the region were built in 2014 or later. In contrast, 1.0% of homes in 20841 were built in 1960 to 1969.
5

What is the housing breakdown in ZIP Code 20841? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20841 than renter-occupied housing. Owner-occupied units make up 93.2% of housing, compared to 6.8% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20841?

The vacacy rate for rental units in ZIP Code 20841 is 7.1%. This rate is 18% higher than the overall Maryland vacancy rate of 6.0%. Additionally, the 20841 vacancy rate is 18% higher than the entire U.S. vacancy rate of 6.0%.