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Sarah Mitchell
Compass Real Estate · ZIP 20906
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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20906 ZIP Code Housing Market
$357,500median sale price
What is the 20906 housing market like right now?
The median home sale price in ZIP code 20906 is $357,500, down 7.1% year-over-year. Homes sell in an average of 46 days with 207 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 20906 ZIP code a buyer's or seller's market?
ZIP code 20906 is currently a balanced market and homes selling in about 46 days. How we determine this →
What are the latest 20906 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $357,500 |
| Median list price | $362,500 |
| Year-over-year price change | -7.1% |
| Average days on market | 46 days |
| Active inventory | 207 listings |
| Sale-to-list price ratio | 99.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 20906 zip code, located in Layhill, MD, is currently classified as a balanced market. The median sale price stands at $357,500, representing a -7.1% change year over year. Homes in this area spend an average of 46 days on the market before going under contract. There are currently 207 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 20906 sits in the Layhill, MD area, roughly 0.8 miles from downtown Layhill. Because home prices are set street by street, this ZIP can move differently from Layhill's citywide averages. The figures below reflect 20906 specifically — drawn from Redfin transactions, U.S. Census data for its 70,595 residents, and Zillow value estimates.
Homes sold
200
Last 12 weeks
Days on market
46
Average pace
Active listings
207
Sale-to-list
99.3%
Below asking
What is driving the 20906 housing market?
The 20906 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.3% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 20906 have declined -7.1% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 20906 stands at $450,661, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,895 per month. This gives a price-to-rent ratio of approximately 19.8, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 20906?
Population
70,595
Median income
$97,521/yr
Median age
41.2 years
Owner-occupied
66.4%
College grads
42.5%
Avg commute
35.79 min
What is it like living in 20906?
Zip code 20906 is home to approximately 70,595 residents. The median household income is $97,521 per year, which shapes the types of homes and amenities available in the area. With a median age of 41.2 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 66.4% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 42.5% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 35.79 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 20906.
Which public schools serve ZIP 20906?
11 schools tracked · 8,841 students
The largest public schools serving ZIP code 20906 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Wheaton High
Grades 9-12 · 2,747 students
A. Mario Loiederman Middle
Grades 6-8 · 981 students
Argyle Middle
Grades 6-8 · 919 students
Sargent Shriver Elementary
Grades PK-5 · 714 students
Weller Road Elementary
Grades PK-5 · 700 students
Harmony Hills Elementary
Grades PK-5 · 693 students
Georgian Forest Elementary
Grades PK-5 · 552 students
Viers Mill Elementary
Grades PK-5 · 539 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 20906
What is the median home price in 20906?
The current median sale price in 20906 is $357,500, based on recent Redfin transaction data. Prices have changed -7.1% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 20906 a buyer's or seller's market?
The 20906 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 20906?
Zip code 20906 has a population of approximately 70,595 residents. The median household income is $97,521 per year. About 66.4% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 20906?
Properties Incorporated provides comprehensive data for 20906 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 20906 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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