How much is a home worth in ZIP code 20903?

The typical home in 20903 is worth $524,624, based on the Zillow Home Value Index.

Are home values rising in 20903?

Home values in 20903 are down 1.3% over the past year, and up 1.5% a year over five years.

What is the typical rent in 20903?

A typical home in 20903 rents for about $1,872 a month, a gross rental yield of 4.3%.

What is the property tax rate in 20903?

The effective property tax rate in 20903 is 0.8% — roughly $4,330 a year on a typical home.

ZIP code 20903 has a population of 24,815 and a median household income of $80,768.

HousingHandbookReference data

…

U.S. ZIP Code · MD20903

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

Typical home value

$524,624^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.3%
5-year / yr: +1.5%
10-year / yr: +3.6%

Relative price

vs U.S.: +84.7%
vs metro: -10.6%
vs state: +16.5%

Price history

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

The typical home in 20903 is worth $524,624 — 10.6% below the Washington-Arlington-Alexandria, DC-VA-MD-WV median. Over the past year, values have fallen 1.3%. Homes here rent for a typical $1,872 a month — a 4.3% 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: $1,872^[2]
Gross yield: 4.3%^[2]
Cap rate: 2.6%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,330^[3]

#Climate risk

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

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

#Who lives here

Population: 24,815^[3]
Median household income: $80,768^[3]

#Migration

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

Net migration: -6,074^[5]
Moved in: 26,379
Moved out: 32,453

Schools

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

Public schools: 5
Elementary: 4
Middle: 1
High: 0

Francis Scott Key Middle
Middle · Grades 6–8 · Montgomery County Public Schools
991 students
JoAnn Leleck at Broad Acres Elementary
Elementary · Grades PK–5 · Montgomery County Public Schools
755 students
Roscoe R Nix Elementary
Elementary · Grades PK–2 · Montgomery County Public Schools
480 students
New Hampshire Estates Elem
Elementary · Grades PK–2 · Montgomery County Public Schools
455 students
Cresthaven Elementary
Elementary · Grades 3–5 · Montgomery County Public Schools
454 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 yield4.3%

Net yield (after ~40% expenses)2.6%

Annual rent$22,464

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$2,653

Loan principal$419,699

Down payment$104,925

Total interest paid$535,303

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 ratio1.84

Monthly cost to own$3,453

Monthly rent$1,872

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: 12th percentile^[1]
Rental yield: 35th percentile^[2]
Property tax: 43rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 20903?: The typical home in 20903 is worth $524,624, based on the Zillow Home Value Index.
Are home values rising in 20903?: Home values in 20903 are down 1.3% over the past year, and up 1.5% a year over five years.
What is the typical rent in 20903?: A typical home in 20903 rents for about $1,872 a month, a gross rental yield of 4.3%.
What is the property tax rate in 20903?: The effective property tax rate in 20903 is 0.8% — roughly $4,330 a year on a typical home.
Who lives in 20903?: ZIP code 20903 has a population of 24,815 and a median household income of $80,768.

#Comparable ZIPs

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

22737 vs 20903 →
VA
Typical home
$523,692
Gross yield
—
21777 vs 20903 →
Point of Rocks CDP, MD
Typical home
$523,304
Gross yield
—
20111
Buckhall CDP, VA
Typical home
$522,198
Gross yield
5.0%
22192
Lake Ridge CDP, VA
Typical home
$527,436
Gross yield
4.8%
20645
MD
Typical home
$518,955
Gross yield
—
22740
Sperryville CDP, VA
Typical home
$530,625
Gross yield
—

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#Jump to section

U.S. ZIP Code · MD20903

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