HousingHandbookReference data

U.S. ZIP Code · MD21723

Howard County · Baltimore-Columbia-Towson, MD

Typical home value

$932,985[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.6%
5-year / yr
+4.6%
10-year / yr
+4.0%

Relative price

vs U.S.
+228.4%
vs metro
+91.3%
vs state
+107.1%
ZIP 21723 location in MD
Location of ZIP 21723 in MD

Price history

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

The typical home in 21723 is worth $932,985 — 91.3% above the Baltimore-Columbia-Towson, MD median. Over the past year, values have risen 0.6%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
[3]
Typical annual tax
[3]

#Climate risk

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

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

#Who lives here

Population
669[3]
Median household income
$241,250[3]

#Migration

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

Net migration
-1,203[5]
Moved in
11,543
Moved out
12,746

Run the numbers

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

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$4,718
Loan principal$746,388
Down payment$186,597
Total interest paid$951,977

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.

Own : rent ratio
Monthly cost to own$6,428
Monthly rent

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
89th percentile[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 21723?
The typical home in 21723 is worth $932,985, based on the Zillow Home Value Index.
Are home values rising in 21723?
Home values in 21723 are up 0.6% over the past year, and up 4.6% a year over five years.
Who lives in 21723?
ZIP code 21723 has a population of 669 and a median household income of $241,250.

#Comparable ZIPs

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

  • Riva CDP, MD

    Typical home
    $970,734
    Gross yield
  • Fulton CDP, MD

    Typical home
    $996,600
    Gross yield
  • MD

    Typical home
    $997,048
    Gross yield
  • Highland CDP, MD

    Typical home
    $1,001,004
    Gross yield
  • MD

    Typical home
    $1,023,761
    Gross yield
  • MD

    Typical home
    $1,041,384
    Gross yield

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

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