Housing Insights for ZIP Code 20912 (Takoma Park, MD)

Housing Summary for ZIP Code 20912

Homeowners

The median home value in ZIP Code 20912 (Takoma Park, MD) is $545,400. Approximately 41.6% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.7%.

The average occupancy of owner-occupied units in ZIP Code 20912 is 2.83 occupants, while owner-occupied units have an aggregate average size of 2.33 bedrooms per housing unit.

Renters

In the 20912 ZIP Code, an estimated 58.4% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 2.2%.

Among renter-occupied units in this ZIP, the average occupancy is 2.69 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 20912

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20912.

ZIP 20912 Maryland U.S.
Median Home Value $545,400 $430,752 $361,498
Owner-Occupied Housing Units 41.6% 66.9% 64.0%
Homeowner Vacancy Rate 0.7% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.83 2.75 2.70
Average # of Bedrooms Per Unit 2.33 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 58.4% 33.1% 36.0%
Rental Vacancy Rate 2.2% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.69 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 20912 (Takoma Park, MD)

The median home value in ZIP Code 20912 is $545,400. That median value is about 73% higher than the median home value of $314,800 in Maryland overall, and is 151% higher than the $217,500 the median home value in the entire U.S. In ZIP Code 20912, about 50.8% of homes are valued $500,000 to $999,999. That is 197% higher than in Maryland, in which 17.1% of homes are valued at $500,000 to $999,999, and is about 346% 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 20912 homes fall into is less than $50,000 (0.0% of homes).

Home Values in ZIP Code 20912

This chart visualizes the breakdown of home values in ZIP Code 20912, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20912 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 20912

See the table below for a regional comparison of home values in ZIP Code 20912.

Home Value ZIP 20912 Maryland U.S.
Less than $50,000 0.0% 2.7% 6.9%
$50,000 to $99,999 0.6% 3.7% 12.0%
$100,000 to $149,999 1.4% 6.3% 13.3%
$150,000 to $199,999 3.7% 9.9% 14.0%
$200,000 to $299,999 10.0% 24.4% 19.6%
$300,000 to $499,999 28.4% 32.8% 19.3%
$500,000 to $999,999 50.8% 17.1% 11.4%
$1,000,000 or more 5.1% 3.1% 3.4%

Home Ages in ZIP Code 20912 (Takoma Park, MD)

Approximately 25.2% of homes in this Takoma Park, MD region were built in 1939 or earlier. This amount of homes built in 1939 or earlier in ZIP Code 20912 is about 114% higher than percentage of homes built in this time period in Maryland overall (11.8% of homes), and is 100% higher the percentage (12.6% of homes) in the U.S. as a whole. Additionally, an esimated 19.4% of local homes were built in 1950 to 1959. On the other end of the scale, just 0.1% of homes in this Montgomery County ZIP Code were built in 2014 or later in ZIP Code 20912. 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 20912

A detailed regional comparison of home ages in ZIP Code 20912.

Year Built ZIP 20912 Maryland U.S.
2014 or later 0.1% 2.3% 2.5%
2010 to 2013 0.7% 2.6% 2.7%
2000 to 2009 1.6% 11.4% 14.0%
1990 to 1999 3.8% 14.3% 13.9%
1980 to 1989 7.6% 15.3% 13.4%
1970 to 1979 7.2% 14.1% 15.2%
1960 to 1969 15.5% 11.5% 10.6%
1950 to 1959 19.4% 11.4% 10.3%
1940 to 1949 18.9% 5.2% 4.9%
1939 or earlier 25.2% 11.8% 12.6%

Age of Homes in ZIP Code 20912

See the chart below for details on the age of homes in ZIP Code 20912, 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 20912

Frequently asked questions about housing in this Takoma Park, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20912.

1

What is the average home value ZIP Code 20912?

The median home value in ZIP Code 20912 (Takoma Park, MD) is $545,400.
2

Are homes expensive in ZIP Code 20912?

The median home value in 20912 ($545,400) is an estimated 73% higher than the aggregate median value of $314,800 in Maryland, and is 151% 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 20912?

The vacacy rate for owner-occupied housing in ZIP Code 20912 is 0.7%. This rate is 59% lower than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 20912 vacancy rate is 56% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20912 have older homes or newer construction?

In ZIP Code 20912, about 25.2% of homes were built in 1939 or earlier. That time range includes the most home construction. Also, 19.4% of homes in the region were built in 1950 to 1959. In contrast, 0.1% of homes in 20912 were built in 2014 or later.
5

What is the housing breakdown in ZIP Code 20912? Are there more rentals or owner-occupied units?

There is more renter-occupied housing in 20912 than owner-occupied housing. Renter-occupied units make up 58.4% of housing, compared to 41.6% for owner-occupied units.
6

Are rental vacancy rates high in ZIP Code 20912?

The vacacy rate for rental units in ZIP Code 20912 is 2.2%. This rate is 63% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 20912 vacancy rate is 63% lower than the entire U.S. vacancy rate of 6.0%.