ZIP Code 21620 Housing Market

📝 Local Market Notes

The housing market in ZIP 21620, located within Kent County, Maryland, exhibits a robust upward trajectory over the past five years. The FHFA House Price Index for this area has risen from 187.26 in 2021 to 276.85 in 2025, representing a cumulative appreciation of approximately 47.8%. This consistent growth indicates strong underlying demand and limited inventory, as the index has compounded annually at a rate significantly higher than the broader regional averages. The recent year-over-year increase of 9.05% further confirms that momentum remains intact, outpacing the national trend despite elevated mortgage costs. A notable divergence exists between ZIP 21620 and its surrounding jurisdictions. While the county’s overall year-over-year appreciation stands at 4.92% and the state at 0.95%, ZIP 21620 is growing nearly double the county rate. This disparity suggests that the specific sub-market is experiencing localized demand drivers that are not yet fully reflected in the broader Kent County averages. The performance contrasts sharply with neighboring ZIP 21635, which saw a decline of 5.67%, highlighting the premium attached to the specific amenities or location characteristics within the 21620 boundary. Based on the parent county’s ACS data, which lists a median home value of $330,900 and a median household income of $80,147, ZIP 21620 appears to function as a mid-tier, owner-occupied market rather than a luxury enclave. With a 72.5% owner occupancy rate, the area leans heavily toward stability and long-term residency. For prospective buyers, the current 7.40% 30-year mortgage rate significantly impacts affordability, yet the rapid price appreciation signals that waiting may result in higher entry costs. Residents should recognize that this sub-market is currently outperforming the regional baseline, making it a high-growth area within a moderately priced county.

Based on FHFA House Price Index data.