Zip 20747 (Forestville, MD) Housing

The housing market in Forestville, MD (20747) is slightly lower than the national median value at $304,800. Compared to the US Median Value of $338,100, this is a difference of 8.9%. The appreciation rate for houses over the past year has been 6.91%, which is 1.36% less than the national average of 8.27%. This demonstrates that while housing prices are lower in Forestville than many other areas in the United States, there is still good potential for appreciation and growth of housing values over time.

The median home cost in Forestville (zip 20747) is $304,800. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Forestville (zip 20747) is up 10.7%.

Average Age of Homes

- The median age of Forestville (zip 20747) real estate is 49 years old

The Rental Market in Forestville (zip 20747)

- Renters make up 40.6% of the Forestville (zip 20747) population
- 2.2% of houses and apartments in Forestville (zip 20747), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Forestville, Maryland	United States
	17,322.0	139,647,020.0
	51	42
	$304,800	$338,100
	10.7%	16.6%
	44.2%	57.0%
	86.5%	101.1%
	$12.89	$10.98
	$3,506	$2,690
	46.8%	57.4%
	4.8%	11.2%
	48.4%	31.4%
Vacant Housing
	2.2%	1.9%
	0.2%	0.4%
	0.4%	0.7%
	0.2%	0.4%
	0.0%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	1.1%	2.4%
	0.7%	2.8%
	1.3%	3.9%
	1.4%	4.5%
	3.9%	11.3%
	6.1%	13.0%
	51.5%	20.1%
	25.4%	13.6%
	6.5%	8.3%
	0.6%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	4.6%	13.6%
	4.6%	13.6%
	15.0%	13.6%
	10.4%	13.2%
	18.4%	14.8%
	15.0%	13.6%
	15.8%	10.0%
	7.4%	4.7%
	2.0%	12.2%

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