ZIP Code 20724 Housing Market
ZIP code 20724 is located in Anne Arundel County, Maryland. Based on the FHFA House Price Index, the most recent annual HPI value is 244.5 (2000 = 100) , with a year-over-year change of -17.37% as of 2025.
📈 20724 HPI Trend
FHFA House Price Index for Five-Digit ZIP Codes (2000 = 100)
📝 Local Market Notes
The user wants a 200-250 word analysis of ZIP 20724's housing market based on the provided data. Let me analyze the data first: 1. **Price trajectory (5 years)**: - 2021: 230.41 - 2022: 254.66 (+10.5%) - 2023: 270.67 (+6.3%) - 2024: 295.90 (+9.3%) - 2025: 244.51 (-17.4%) Strong growth 2021-2024, then sharp decline in 2025. 2. **Divergence**: ZIP 20724 YoY: -17.37% vs County +3.38% vs State +0.95%. Significant negative divergence. Nearby ZIPs: 20751 +9.59%, 21035 -7.03%. So 20724 is an outlier even within county. 3. **Sub-market character**: County median home value $467,900, median income $124,911, owner occupancy 75.1%, median rent $2,071. ZIP HPI 244.5 (below county ZIPs 20751 at 289.7, above 21035 at 238.9). HPI base 2000=100, so 244.5 means 144.5% appreciation since 2000. County median value $467,900 suggests mid-to-upper market. Owner occupancy 75.1% suggests owner-dominated. 4. **Practical takeaway**: Sharp correction in 2025 after strong run-up. Mortgage rates 7.4%. Divergence suggests ZIP-specific factors (maybe inventory, property types, local economic factors). Now I need to write 200-250 words, professional, third-person, 2-3 paragraphs, specific numbers, no speculation/predictions. Let me draft: Paragraph 1: Price trajectory and divergence. Paragraph 2: Sub-market character. Paragraph 3: Practical takeaway. Word count target: 200-250. Draft: ZIP 20724 exhibited robust appreciation from 2021 through 2024, with the FHFA House Price Index rising from 230.4 to 295.9—a cumulative gain of 28.4 percent over three years. However, the 2025 reading of 244.5 represents a 17.4 percent year-over-year decline, erasing the prior two years of gains. This contraction stands in stark contrast to Anne
About This ZIP Code
ZIP code 20724 is one of the most active real estate sub-markets in Anne Arundel County, Maryland. The FHFA House Price Index tracks cumulative price appreciation since 2000, providing a consistent measure of long-term value change in this specific ZIP area.
For full county-level context, see the Anne Arundel County Housing Market page, which includes ACS median home values, rent, owner-occupancy, employment, migration, and other economic indicators.
Other Active ZIPs in Anne Arundel County
| ZIP Code | HPI | YoY | Latest Year |
|---|---|---|---|
| 20751 | 289.7 | +9.59% | 2025 |
| 21035 | 238.9 | -7.03% | 2025 |
| 20794 | 336.2 | +6.18% | 2025 |
| 21401 | 296.7 | +3.24% | 2025 |
| 20754 | 244.0 | +2.60% | 2025 |
| 20711 | 252.1 | -0.33% | 2025 |
| 21108 | 285.1 | -0.55% | 2025 |
| 20779 | 252.0 | — | 2025 |
| 21225 | 275.8 | +6.38% | 2025 |
Data Source: FHFA House Price Index for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100). Data as of 2025. This product uses FHFA Data but is neither endorsed nor certified by FHFA.