How much is a home worth in ZIP code 20904?

The typical home in 20904 is worth $593,618, based on the Zillow Home Value Index.

Are home values rising in 20904?

Home values in 20904 are down 1.6% over the past year, and up 2.4% a year over five years.

What is the typical rent in 20904?

A typical home in 20904 rents for about $2,000 a month, a gross rental yield of 4.0%.

What is the property tax rate in 20904?

The effective property tax rate in 20904 is 0.8% — roughly $4,652 a year on a typical home.

ZIP code 20904 has a population of 58,646 and a median household income of $96,025.

HousingHandbookReference data

…

U.S. ZIP Code · MD20904

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

Typical home value

$593,618^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.6%
5-year / yr: +2.4%
10-year / yr: +4.1%

Relative price

vs U.S.: +109.0%
vs metro: +1.1%
vs state: +31.8%

Price history

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

The typical home in 20904 is worth $593,618 — 1.1% above the Washington-Arlington-Alexandria, DC-VA-MD-WV median. Over the past year, values have fallen 1.6%. Homes here rent for a typical $2,000 a month — a 4.0% 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: $2,000^[2]
Gross yield: 4.0%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,652^[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: 58,646^[3]
Median household income: $96,025^[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: 8
Elementary: 6
Middle: 1
High: 1

Springbrook High
High · Grades 9–12 · Montgomery County Public Schools
1,874 students
White Oak Middle
Middle · Grades 6–8 · Montgomery County Public Schools
805 students
Greencastle Elementary
Elementary · Grades PK–5 · Montgomery County Public Schools
753 students
Galway Elementary
Elementary · Grades PK–5 · Montgomery County Public Schools
701 students
Jackson Road Elementary
Elementary · Grades PK–5 · Montgomery County Public Schools
647 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 yield4.0%

Net yield (after ~40% expenses)2.4%

Annual rent$23,994

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$3,002

Loan principal$474,895

Down payment$118,724

Total interest paid$605,702

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 ratio1.94

Monthly cost to own$3,882

Monthly rent$2,000

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: 23rd percentile^[1]
Rental yield: 28th percentile^[2]
Property tax: 36th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

9th for most populous in MDView list →

Frequently asked

How much is a home worth in ZIP code 20904?: The typical home in 20904 is worth $593,618, based on the Zillow Home Value Index.
Are home values rising in 20904?: Home values in 20904 are down 1.6% over the past year, and up 2.4% a year over five years.
What is the typical rent in 20904?: A typical home in 20904 rents for about $2,000 a month, a gross rental yield of 4.0%.
What is the property tax rate in 20904?: The effective property tax rate in 20904 is 0.8% — roughly $4,652 a year on a typical home.
Who lives in 20904?: ZIP code 20904 has a population of 58,646 and a median household income of $96,025.

#Comparable ZIPs

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

22044 vs 20904 →
Lake Barcroft CDP, VA
Typical home
$594,468
Gross yield
3.7%
22716 vs 20904 →
VA
Typical home
$592,606
Gross yield
—
20637
Hughesville CDP, MD
Typical home
$591,782
Gross yield
—
20106
VA
Typical home
$595,740
Gross yield
—
22309
Mount Vernon CDP, VA
Typical home
$596,128
Gross yield
5.3%
20721
Woodmore CDP, MD
Typical home
$597,323
Gross yield
5.0%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 20904 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MD20904

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