How much is a home worth in ZIP code 20602?

The typical home in 20602 is worth $391,993, based on the Zillow Home Value Index.

Are home values rising in 20602?

Home values in 20602 are down 1.1% over the past year, and up 3.1% a year over five years.

What is the typical rent in 20602?

A typical home in 20602 rents for about $2,433 a month, a gross rental yield of 7.4%.

What is the property tax rate in 20602?

The effective property tax rate in 20602 is 0.9% — roughly $3,558 a year on a typical home.

ZIP code 20602 has a population of 28,331 and a median household income of $107,360.

HousingHandbookReference data

…

U.S. ZIP Code · MD20602

Charles County · Washington-Arlington-Alexandria, DC-VA-MD-WV

Typical home value

$391,993^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.1%
5-year / yr: +3.1%
10-year / yr: +5.2%

Relative price

vs U.S.: +38.0%
vs metro: -33.2%
vs state: -13.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 20602 is worth $391,993 — 33.2% below the Washington-Arlington-Alexandria, DC-VA-MD-WV median. Over the past year, values have fallen 1.1%. Homes here rent for a typical $2,433 a month — a 7.4% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,433^[2]
Gross yield: 7.4%^[2]
Cap rate: 4.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,558^[3]

#Climate risk

FEMA National Risk Index ratings for Charles County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: Relatively Moderate
Heat wave: Relatively Moderate
Hurricane: Relatively Low
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 28,331^[3]
Median household income: $107,360^[3]

#Migration

Household moves in and out of Charles County over a year, from IRS tax-return data.

Net migration: +521^[5]
Moved in: 5,731
Moved out: 5,210

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 5
Middle: 1
High: 1

St. Charles High School
High · Grades 9–12 · Charles County Public Schools
1,598 students
Benjamin Stoddert Middle School
Middle · Grades 6–8 · Charles County Public Schools
919 students
Arthur Middleton Elementary School
Elementary · Grades PK–5 · Charles County Public Schools
696 students
Mary B. Neal Elementary School
Elementary · Grades PK–5 · Charles County Public Schools
589 students
Dr. Samuel A. Mudd Elementary School
Elementary · Grades PK–5 · Charles County Public Schools
524 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.4%

Net yield (after ~40% expenses)4.5%

Annual rent$29,197

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,982

Loan principal$313,594

Down payment$78,399

Total interest paid$399,972

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.07

Monthly cost to own$2,606

Monthly rent$2,433

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 40th percentile^[1]
Rental yield: 97th percentile^[2]
Property tax: 62nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 20602?: The typical home in 20602 is worth $391,993, based on the Zillow Home Value Index.
Are home values rising in 20602?: Home values in 20602 are down 1.1% over the past year, and up 3.1% a year over five years.
What is the typical rent in 20602?: A typical home in 20602 rents for about $2,433 a month, a gross rental yield of 7.4%.
What is the property tax rate in 20602?: The effective property tax rate in 20602 is 0.9% — roughly $3,558 a year on a typical home.
Who lives in 20602?: ZIP code 20602 has a population of 28,331 and a median household income of $107,360.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

20886 vs 20602 →
Montgomery Village CDP, MD
Typical home
$392,065
Gross yield
7.8%
25425 vs 20602 →
Shannondale CDP, WV
Typical home
$390,444
Gross yield
—
22733
VA
Typical home
$394,251
Gross yield
—
20662
MD
Typical home
$397,378
Gross yield
—
25430
Ranson corporation, WV
Typical home
$385,263
Gross yield
—
21788
Thurmont, MD
Typical home
$398,950
Gross yield
—

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#Jump to section

U.S. ZIP Code · MD20602

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