Housing Insights for ZIP Code 20860 (Sandy Spring, MD)

Housing Summary for ZIP Code 20860

Homeowners

The median home value in ZIP Code 20860 (Sandy Spring, MD) is $832,700. Approximately 70.9% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.2%.

The average occupancy of owner-occupied units in ZIP Code 20860 is 3.23 occupants, while owner-occupied units have an aggregate average size of 3.81 bedrooms per housing unit.

Renters

In the 20860 ZIP Code, an estimated 29.1% 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 2.26 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 20860

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20860.

ZIP 20860 Maryland U.S.
Median Home Value $832,700 $430,752 $361,498
Owner-Occupied Housing Units 70.9% 66.9% 64.0%
Homeowner Vacancy Rate 2.2% 1.7% 1.6%
Average Size of Owner-Occupied Unit 3.23 2.75 2.70
Average # of Bedrooms Per Unit 3.81 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 29.1% 33.1% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.26 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20860 (Sandy Spring, MD)

The median home value in ZIP Code 20860 is $832,700. That median value is about 165% higher than the median home value of $314,800 in Maryland overall, and is 283% higher than the $217,500 the median home value in the entire U.S. In ZIP Code 20860, approximately 36.5% of homes are valued $1,000,000 or more. That is 1077% higher than in Maryland, in which 3.1% of homes are valued at $1,000,000 or more, and is about 974% higher than in the U.S. overall (3.4% of homes valued at $1,000,000 or more). The home value range that the smallest portion of ZIP Code 20860 homes fall into is $100,000 to $149,999 (0.0% of homes).

Home Values in ZIP Code 20860

This chart visualizes the breakdown of home values in ZIP Code 20860, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20860 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20860

See the table below for a regional comparison of home values in ZIP Code 20860.

Home Value ZIP 20860 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 4.0% 9.9% 14.0%
$200,000 to $299,999 7.3% 24.4% 19.6%
$300,000 to $499,999 21.3% 32.8% 19.3%
$500,000 to $999,999 31.0% 17.1% 11.4%
$1,000,000 or more 36.5% 3.1% 3.4%

Home Ages in ZIP Code 20860 (Sandy Spring, MD)

Approximately 36.5% of homes in this Sandy Spring, MD region were built in 2000 to 2009. This amount of homes built in 2000 to 2009 in ZIP Code 20860 is about 220% higher than percentage of homes built in this time period in Maryland overall (11.4% of homes), and is 161% higher the percentage (14.0% of homes) in the U.S. as a whole. Additionally, an esimated 14.0% of local homes were built in 1980 to 1989. On the other end of the scale, just 0.0% of homes in this Montgomery County ZIP Code were built in 2014 or later in ZIP Code 20860. 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 20860

A detailed regional comparison of home ages in ZIP Code 20860.

Year Built ZIP 20860 Maryland U.S.
2014 or later 0.0% 2.3% 2.5%
2010 to 2013 13.3% 2.6% 2.7%
2000 to 2009 36.5% 11.4% 14.0%
1990 to 1999 5.2% 14.3% 13.9%
1980 to 1989 14.0% 15.3% 13.4%
1970 to 1979 3.0% 14.1% 15.2%
1960 to 1969 13.0% 11.5% 10.6%
1950 to 1959 5.2% 11.4% 10.3%
1940 to 1949 1.7% 5.2% 4.9%
1939 or earlier 8.2% 11.8% 12.6%

Age of Homes in ZIP Code 20860

See the chart below for details on the age of homes in ZIP Code 20860, 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 20860

Frequently asked questions about housing in this Sandy Spring, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20860.

1

What is the average home value ZIP Code 20860?

The median home value in ZIP Code 20860 (Sandy Spring, MD) is $832,700.
2

Are homes expensive in ZIP Code 20860?

The median home value in 20860 ($832,700) is an estimated 165% higher than the aggregate median value of $314,800 in Maryland, and is 283% 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 20860?

The vacacy rate for owner-occupied housing in ZIP Code 20860 is 2.2%. This rate is 29% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20860 vacancy rate is 38% higher than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20860 have older homes or newer construction?

In ZIP Code 20860, about 36.5% of homes were built in 2000 to 2009. That time range includes the most home construction. Also, 14.0% of homes in the region were built in 1980 to 1989. In contrast, 0.0% of homes in 20860 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 20860? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20860 than renter-occupied housing. Owner-occupied units make up 70.9% of housing, compared to 29.1% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20860?

The vacacy rate for rental units in ZIP Code 20860 is 0.0%. This rate is 100% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 20860 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.