Home Values

20783 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$242,500

  • 15.2% 1-year change
  • 3.8% 1-year forecast

The median home value in 20783 is $242,500. 20783 home values have gone up 15.2% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in 20783 is $159, which is lower than the Washington Metro average of $197. The median price of homes currently listed in 20783 is $200,000 while the median price of homes that sold is $240,000.

Foreclosures will be a factor impacting home values in the next several years. In 20783 11.3 homes are foreclosed (per 10,000). This is greater than the Washington Metro value of 3.9 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 20783 is 12.1%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 20783 homeowners underwater on their mortgage is 32.9%, which is higher than Washington Metro at 18.4%.

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Relative ZHVI
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20783 Market Overview

Data through Dec 31, 2014
  • $242,500 ZHVI
  • 3.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $200,000 Median listing price
  • $240,000 Median sale price
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20783 Market Health

Data through Dec 31, 2014
  • 1.6/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 32.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 12.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

11.3 homes 20783
3.9 homes Washington Metro
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
20912 $462,600
20901 $413,000
20903 $328,000
Name Median ZHVI
20712 $283,000
20740 $275,700
20781 $273,400
Name Median ZHVI
20782 $248,600
20737 $222,300
 

Listings & Sales

Data through Dec 31, 2014
  • $159 Median list price / sq ft
  • $193 Median sale price / sq ft
  • 6.9% Listings with price cut
24.8%
Sold below listing
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20783 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,758 20783
    $2,104 Washington Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.36 Rent list price / sq ft
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