Home Values

20882 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

$532,600

  • 3.4% 1-year change
  • -0.8% 1-year forecast

The median home value in 20882 is $532,600. 20882 home values have gone up 3.4% over the past year and Zillow predicts they will fall -0.8% within the next year. The median list price per square foot in 20882 is $205, which is higher than the Washington Metro average of $194. The median price of homes currently listed in 20882 is $625,000 while the median price of homes that sold is $480,012. The median rent price in 20882 is $2,450, which is higher than the Washington Metro median of $1,850.

Foreclosures will be a factor impacting home values in the next several years. In 20882 3.3 homes are foreclosed (per 10,000). This is lower than the Washington Metro value of 4.1 and also lower 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 20882 is 4.1%, which is lower 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 20882 homeowners underwater on their mortgage is 10.5%, which is lower than Washington Metro at 18.4%.

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Relative ZHVI
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20882 Market Overview

Data through Jan 31, 2015
  • $532,600 ZHVI
  • -0.8% 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
    (Jan 31, 2016)
  • $625,000 Median listing price
  • $480,012 Median sale price (Nov 30, 2014)
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20882 Market Health

Data through Jan 31, 2015
  • 5.7/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 10.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes(Dec 31, 2014) 20882
4.1 homes Washington Metro
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
20833 $550,100
21797 $503,000
20832 $460,100
Name Median ZHVI
20855 $457,200
20872 $349,200
20876 $333,800
Name Median ZHVI
20877 $317,000
20879 $285,600
20886 $242,100

Listings & Sales

Data through Jan 31, 2015
  • $205 Median list price / sq ft
  • $198 Median sale price / sq ft (Nov 30, 2014)
  • No data Listings with price cut
17.5%
Sold below listing
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20882 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,536 20882
    $2,103 Washington Metro
    $1,350 United States

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

  • 4.7 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 recent data Rent list price
  • No recent data Rent list price / sq ft
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