ZIP code 20640: income, home prices and cost of living

The median household income in ZIP 20640 is $88,750, which is 13% below the Maryland median of $102,536 and 29% above the national figure. The typical home is valued at $294,400, and the median rent is $1,510/month. 76.7% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$88,750

Maryland average
$102,53613%
National
$68,75029%

Median home value

$294,400

Maryland average
$380,30023%
National
$209,60040%

Median gross rent

$1,510

Maryland average
$1,5472%
National
$98453%

Median age

37.4 yrs

Maryland average
40.9 yrs9%
National
41.0 yrs9%

Homeownership rate

76.7%

Maryland average
79.0%3%
National
75.8%1%

Bachelor's degree or higher

14.2%

Maryland average
21.4%33%
National
15.9%11%

How ZIP 20640 compares with Maryland and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Nearby ZIP codes in Maryland

20639206372063620634206462065020653206572062220659

Or compare 20640 with 20639.

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What people search about ZIP 20640

Searches for the cost of living in 20640, the median household income in 20640, average rent in 20640 and home values in this part of Maryland all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 20640, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.