Zip 20721 (Lake Arbor, MD) Housing

The housing market in 20721 Lake Arbor, MD is very strong. The median house value in this area is $543,200, significantly higher than the national median of $338,100. In the past year, the value of homes in 20721 Lake Arbor have increased by 6.91%, slightly less than the 8.27% appreciation seen across the country but still a significant increase overall. This shows that the housing market in 20721 Lake Arbor remains healthy and attractive for both buyers and sellers.

The median home cost in Lake Arbor (zip 20721) is $543,200. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Lake Arbor (zip 20721) is up 10.7%.

Average Age of Homes

- The median age of Lake Arbor (zip 20721) real estate is 24 years old

The Rental Market in Lake Arbor (zip 20721)

- Renters make up 11.3% of the Lake Arbor (zip 20721) population
- 0.7% of houses and apartments in Lake Arbor (zip 20721), 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	Lake Arbor, Maryland	United States
	10,774.0	139,647,020.0
	27	42
	$543,200	$338,100
	10.7%	16.6%
	44.2%	57.0%
	86.5%	101.1%
	$12.89	$10.98
	$5,727	$2,690
	84.8%	57.4%
	3.8%	11.2%
	11.4%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.0%	0.4%
	0.8%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.6%	2.4%
	0.2%	2.8%
	0.1%	3.9%
	0.0%	4.5%
	0.6%	11.3%
	1.2%	13.0%
	8.0%	20.1%
	24.0%	13.6%
	33.3%	8.3%
	24.6%	9.7%
	5.3%	3.9%
	0.9%	2.2%
	0.5%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.3%	13.6%
	20.3%	13.6%
	37.7%	13.6%
	25.4%	13.2%
	7.4%	14.8%
	37.7%	13.6%
	0.3%	10.0%
	0.2%	4.7%
	0.5%	12.2%

Reviews for Lake Arbor

See all (0)

Write a Review

Start Your Review of Lake Arbor

Commute

The premier source for comprehensive city data for over 30 years.