ZIP code 20716: income, home prices and cost of living

The median household income in ZIP 20716 is $119,507, which is 17% above the Maryland median of $102,536 and 74% above the national figure. The typical home is valued at $379,600, and the median rent is $2,070/month. 72.3% of households own their home.

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

Median household income

$119,507

Maryland average
$102,53617%
National
$68,75074%

Median home value

$379,600

Maryland average
$380,300
National
$209,60081%

Median gross rent

$2,070

Maryland average
$1,54734%
National
$984110%

Median age

42.0 yrs

Maryland average
40.9 yrs3%
National
41.0 yrs2%

Homeownership rate

72.3%

Maryland average
79.0%8%
National
75.8%5%

Bachelor's degree or higher

24.7%

Maryland average
21.4%16%
National
15.9%55%

How ZIP 20716 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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Homes in 20716 typically sell around $379,600. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in Maryland

20715207122072020711207212071020722207232070820724

Or compare 20716 with 20715.

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See every local figure on the Maryland money guide.

What people search about ZIP 20716

Searches for the cost of living in 20716, the median household income in 20716, average rent in 20716 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 20716, 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.