Housing Insights for ZIP Code 21770 (Monrovia, MD)

Housing Summary for ZIP Code 21770

Homeowners

The median home value in ZIP Code 21770 (Monrovia, MD) is $419,100. Approximately 95.6% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.5%.

The average occupancy of owner-occupied units in ZIP Code 21770 is 2.98 occupants, while owner-occupied units have an aggregate average size of 3.86 bedrooms per housing unit.

Renters

In the 21770 ZIP Code, an estimated 4.4% 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 2.93 occupants, while renters in this Frederick County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 21770

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 21770.

ZIP 21770 Maryland U.S.
Median Home Value $419,100 $430,752 $361,498
Owner-Occupied Housing Units 95.6% 66.9% 64.0%
Homeowner Vacancy Rate 0.5% 1.7% 1.6%
Average Size of Owner-Occupied Unit 2.98 2.75 2.70
Average # of Bedrooms Per Unit 3.86 2.97 2.75
Median Housing Rent $0 $1,392 $1,062
Renter-Occupied Housing Units 4.4% 33.1% 36.0%
Rental Vacancy Rate 0.0% 6.0% 6.0%
Average Size of Renter-Occupied Unit 2.93 2.50 2.49
Percent of Income Spent on Rent 0% 30.05% 29.83%

Home Values in ZIP Code 21770 (Monrovia, MD)

The median home value in ZIP Code 21770 is $419,100. That median value is about 33% higher than the median home value of $314,800 in Maryland overall, and is 93% higher than the $217,500 the median home value in the entire U.S. An estimated 59.9% of homes in ZIP Code 21770 are valued $300,000 to $499,999. That is 83% higher than in the state of Maryland, in which 32.8% of homes are valued at $300,000 to $499,999, and is about 210% 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 21770 homes fall into is $150,000 to $199,999 (0.0% of homes).

Home Values in ZIP Code 21770

This chart visualizes the breakdown of home values in ZIP Code 21770, Maryland, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 21770 vs. home values in both the state of Maryland and in the U.S. overall.

Home Values in ZIP Code 21770

See the table below for a regional comparison of home values in ZIP Code 21770.

Home Value ZIP 21770 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 0.0% 9.9% 14.0%
$200,000 to $299,999 12.3% 24.4% 19.6%
$300,000 to $499,999 59.9% 32.8% 19.3%
$500,000 to $999,999 26.7% 17.1% 11.4%
$1,000,000 or more 1.1% 3.1% 3.4%

Home Ages in ZIP Code 21770 (Monrovia, MD)

Approximately 32.2% of homes in this Monrovia, MD region were built in 1970 to 1979. This amount of homes built in 1970 to 1979 in ZIP Code 21770 is about 128% higher than percentage of homes built in this time period in Maryland overall (14.1% of homes), and is 112% higher the percentage (15.2% of homes) in the U.S. as a whole. Additionally, an esimated 24.7% of local homes were built in 1980 to 1989. On the other end of the scale, just 0.0% of homes in this Frederick County ZIP Code were built in 1940 to 1949 in ZIP Code 21770. In comparison, 5.2% of homes in Maryland overall were built in 1940 to 1949, while 4.9% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 21770

A detailed regional comparison of home ages in ZIP Code 21770.

Year Built ZIP 21770 Maryland U.S.
2014 or later 10.2% 2.3% 2.5%
2010 to 2013 0.0% 2.6% 2.7%
2000 to 2009 7.6% 11.4% 14.0%
1990 to 1999 15.1% 14.3% 13.9%
1980 to 1989 24.7% 15.3% 13.4%
1970 to 1979 32.2% 14.1% 15.2%
1960 to 1969 5.1% 11.5% 10.6%
1950 to 1959 1.5% 11.4% 10.3%
1940 to 1949 0.0% 5.2% 4.9%
1939 or earlier 3.6% 11.8% 12.6%

Age of Homes in ZIP Code 21770

See the chart below for details on the age of homes in ZIP Code 21770, Maryland, and also in the U.S. overall. Data here refers to years that homes were built.

">

Housing FAQs for ZIP Code 21770

Frequently asked questions about housing in this Monrovia, MD ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 21770.

1

What is the average home value ZIP Code 21770?

The median home value in ZIP Code 21770 (Monrovia, MD) is $419,100.
2

Are homes expensive in ZIP Code 21770?

The median home value in 21770 ($419,100) is an estimated 33% higher than the aggregate median value of $314,800 in Maryland, and is 93% 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 21770?

The vacacy rate for owner-occupied housing in ZIP Code 21770 is 0.5%. This rate is 71% lower than the overall Maryland owner-occupied vacancy rate of 1.7%. Additionally, the 21770 vacancy rate is 69% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 21770 have older homes or newer construction?

In ZIP Code 21770, about 32.2% of homes were built in 1970 to 1979. That time range includes the most home construction. Also, 24.7% of homes in the region were built in 1980 to 1989. In contrast, 0.0% of homes in 21770 were built in 1940 to 1949.
5

What is the housing breakdown in ZIP Code 21770? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 21770 than renter-occupied housing. Owner-occupied units make up 95.6% of housing, compared to 4.4% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 21770?

The vacacy rate for rental units in ZIP Code 21770 is 0.0%. This rate is 100% lower than the overall Maryland vacancy rate of 6.0%. Additionally, the 21770 vacancy rate is 100% lower than the entire U.S. vacancy rate of 6.0%.