How much is a home worth in ZIP code 20724?

The typical home in 20724 is worth $472,496, based on the Zillow Home Value Index.

Are home values rising in 20724?

Home values in 20724 are down 0.5% over the past year, and up 3.5% a year over five years.

What is the typical rent in 20724?

A typical home in 20724 rents for about $2,590 a month, a gross rental yield of 6.6%.

What is the property tax rate in 20724?

The effective property tax rate in 20724 is 0.8% — roughly $3,546 a year on a typical home.

ZIP code 20724 has a population of 19,369 and a median household income of $118,115.

HousingHandbookReference data

…

U.S. ZIP Code · MD20724

Anne Arundel County · Baltimore-Columbia-Towson, MD

Typical home value

$472,496^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.5%
5-year / yr: +3.5%
10-year / yr: +4.5%

Relative price

vs U.S.: +66.3%
vs metro: -3.1%
vs state: +4.9%

Price history

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

The typical home in 20724 is worth $472,496 — 3.1% below the Baltimore-Columbia-Towson, MD median. Over the past year, values have fallen 0.5%. Homes here rent for a typical $2,590 a month — a 6.6% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $2,590^[2]
Gross yield: 6.6%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,546^[3]

#Climate risk

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

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

#Who lives here

Population: 19,369^[3]
Median household income: $118,115^[3]

#Migration

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

Net migration: -788^[5]
Moved in: 18,609
Moved out: 19,397

Schools

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

Public schools: 4
Elementary: 3
Middle: 0
High: 1

Monarch Global Academy PCS Laurel Campus
Elementary · Grades K–8 · Anne Arundel County Public Schools
832 students
Brock Bridge Elementary
Elementary · Grades PK–5 · Anne Arundel County Public Schools
532 students
Maryland City Elementary
Elementary · Grades PK–5 · Anne Arundel County Public Schools
431 students
Maya Angelou Academy at New Beginnings formerly Oak Hill
High · Grades 7–12 · DYRS
36 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 yield6.6%

Net yield (after ~40% expenses)3.9%

Annual rent$31,076

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$2,389

Loan principal$377,997

Down payment$94,499

Total interest paid$482,114

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 ratio1.19

Monthly cost to own$3,078

Monthly rent$2,590

Renting is meaningfully cheaper month-to-month.

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: 34th percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 12th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 20724?: The typical home in 20724 is worth $472,496, based on the Zillow Home Value Index.
Are home values rising in 20724?: Home values in 20724 are down 0.5% over the past year, and up 3.5% a year over five years.
What is the typical rent in 20724?: A typical home in 20724 rents for about $2,590 a month, a gross rental yield of 6.6%.
What is the property tax rate in 20724?: The effective property tax rate in 20724 is 0.8% — roughly $3,546 a year on a typical home.
Who lives in 20724?: ZIP code 20724 has a population of 19,369 and a median household income of $118,115.

#Comparable ZIPs

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

21158 vs 20724 →
Westminster, MD
Typical home
$472,905
Gross yield
4.8%
21113 vs 20724 →
Odenton CDP, MD
Typical home
$472,956
Gross yield
6.3%
21030
Cockeysville CDP, MD
Typical home
$471,501
Gross yield
5.0%
21102
Manchester, MD
Typical home
$469,739
Gross yield
—
21157
Westminster, MD
Typical home
$468,031
Gross yield
4.4%
21657
Queen Anne, MD
Typical home
$466,680
Gross yield
—

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#Jump to section

U.S. ZIP Code · MD20724

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