Housing Insights for ZIP Code 21750 (Hancock, MD)

Housing Summary for ZIP Code 21750

Homeowners

The median home value in ZIP Code 21750 (Hancock, MD) is $156,400. Approximately 72.9% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.7%.

The average occupancy of owner-occupied units in ZIP Code 21750 is 2.46 occupants, while owner-occupied units have an aggregate average size of 2.75 bedrooms per housing unit.

Renters

In the 21750 ZIP Code, an estimated 27.1% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 5.8%.

Among renter-occupied units in this ZIP, the average occupancy is 2.42 occupants, while renters in this Washington County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 21750

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21750.

ZIP 21750 Maryland U.S.
Median Home Value $156,400 $430,752 $361,498
Owner-Occupied Housing Units 72.9% 66.9% 64.0%
Homeowner Vacancy Rate 2.7% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.46 2.75 2.70
Average # of Bedrooms Per Unit 2.75 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 27.1% 33.1% 36.0%
Rental Vacancy Rate 5.8% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.42 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21750 (Hancock, MD)

The median home value in ZIP Code 21750 is $156,400. That median value is about 50% lower than the median home value of $314,800 in Maryland overall, and is 28% lower than the $217,500 the median home value in the entire U.S. An estimated 22.4% of homes in ZIP Code 21750 are valued $150,000 to $199,999. That is 126% higher than in the state of Maryland, in which 9.9% of homes are valued at $150,000 to $199,999, and is about 60% higher than in the U.S. overall (14.0% of homes valued at $150,000 to $199,999). The home value range that the smallest portion of ZIP Code 21750 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 21750

This chart visualizes the breakdown of home values in ZIP Code 21750, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21750 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21750

See the table below for a regional comparison of home values in ZIP Code 21750.

Home Value ZIP 21750 Maryland U.S.
Less than $50,000 3.1% 2.7% 6.9%
$50,000 to $99,999 21.0% 3.7% 12.0%
$100,000 to $149,999 21.8% 6.3% 13.3%
$150,000 to $199,999 22.4% 9.9% 14.0%
$200,000 to $299,999 20.3% 24.4% 19.6%
$300,000 to $499,999 7.8% 32.8% 19.3%
$500,000 to $999,999 3.6% 17.1% 11.4%
$1,000,000 or more 0.0% 3.1% 3.4%

Housing FAQs for ZIP Code 21750

Frequently asked questions about housing in this Hancock, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21750.

1

What is the average home value ZIP Code 21750?

The median home value in ZIP Code 21750 (Hancock, MD) is $156,400.
2

Are homes expensive in ZIP Code 21750?

The median home value in 21750 ($156,400) is an estimated 50% lower than the aggregate median value of $314,800 in Maryland, and is 28% lower than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 21750?

The vacacy rate for owner-occupied housing in ZIP Code 21750 is 2.7%. This rate is 59% higher than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21750 vacancy rate is 69% higher than the entire U.S. vacancy rate of 1.6%.
4

What is the housing breakdown in ZIP Code 21750? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 21750 than renter-occupied housing. Owner-occupied units make up 72.9% of housing, compared to 27.1% for renter-occupied units.
5

Are rental vacancy rates high in ZIP Code 21750?

The vacacy rate for rental units in ZIP Code 21750 is 5.8%. This rate is 3% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 21750 vacancy rate is 3% lower than the entire U.S. vacancy rate of 6.0%.