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Rental Insights for ZIP Code 20607 (Accokeek, MD)

Housing Rentals in ZIP Code 20607 (Accokeek, MD)

20607 ZIP Code in Maryland

A Detailed Snapshot of Renters in the ZIP Code 20607

The 20607 ZIP Code is predominantly located in Accokeek, MD in Prince George's County. The median housing rent in this Maryland region is estimated at $1,750 per month. Approximately 2.9% of housing units in this Prince George's County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of 25.5%.

The median rent in ZIP Code 20607 of $1,750 per month is 26% higher than the aggregate Maryland median monthly rent of $1,392, and is 65% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 39.4% of residents in ZIP Code 20607 pay between $1,500 and $1,999 per month for rent. That is 49% higher than in Maryland overall, in which 26.4% of total state residents pay between $1,500 and $1,999 per month for housing. Just 1.8% of renters in this Accokeek, MD region pay between $2,000 and $2,499 for monthly rent.

ZIP Code 20607 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 20607

See the chart below for a comparison of monthly rental costs in ZIP Code 20607, Maryland, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 20607 along with those in the state of Maryland and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 20607

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 20607 Maryland U.S.
Less than $500 0.0% 7.4% 9.4%
$500 to $999 3.7% 16.2% 36.2%
$1,000 to $1,499 26.6% 34.0% 30.0%
$1,500 to $1,999 39.4% 26.4% 14.0%
$2,000 to $2,499 1.8% 10.5% 5.6%
$2,500 to $2,999 28.4% 3.4% 2.4%
$3,000 or more 0.0% 2.1% 2.4%

Rent Cost vs. Income in ZIP Code 20607

Renters in ZIP Code 20607 use an estimated 29.2% of their income to cover their monthly rent payments. That is about 3% lower than in Maryland overall. The estimate for Maryland overall is 30.05% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 20607 renters use about 2% less of their income to cover rent expense. Household income figures for ZIP Code 20607 come in higher than in Maryland as a whole. The median annual household income in ZIP Code 20607 of $132,690 sits approximately 56% higher than the overall Maryland median income of $84,805 and approximately 111% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 20607

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 20607, Maryland, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 20607 along with the same calculations in the state of Maryland and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 20607

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 20607 Maryland U.S.
Less than 15.0 percent 39.4% 11.5% 13.1%
15.0 to 19.9 percent 1.8% 12.9% 12.9%
20.0 to 24.9 percent 0.0% 13.8% 12.9%
25.0 to 29.9 percent 0.0% 12.1% 11.6%
30.0 to 34.9 percent 0.0% 9.1% 9.1%
35.0 percent or more 58.7% 40.6% 40.5%

Household Income in ZIP Code 20607

See the table below for the regional comparison of annual household income in ZIP Code 20607.

Income ZIP 20607 Maryland U.S.
Less than $10,000 2.2% 4.6% 6.0%
$10,000 to $14,999 0.0% 2.7% 4.3%
$15,000 to $24,999 0.7% 5.8% 8.9%
$25,000 to $34,999 2.2% 6.4% 8.9%
$35,000 to $49,999 4.5% 9.6% 12.3%
$50,000 to $74,999 10.0% 15.3% 17.2%
$75,000 to $99,999 9.3% 13.2% 12.7%
$100,000 to $149,999 28.6% 19.0% 15.1%
$150,000 to $199,999 20.3% 10.5% 6.8%
$200,000 or more 22.1% 12.7% 7.7%

Household Income in ZIP Code 20607

See the chart below for a comparison of annual household income figures in ZIP Code 20607, Maryland, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 20607 alongside the same figures for the state of Maryland and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 20607

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 20607.

ZIP 20607 Maryland U.S.
Median Housing Rent $1,750 $1,392 $1,062
Renter-Occupied Housing Units 2.9% 33.1% 36.0%
Rental Vacancy Rate 25.5% 6.0% 6.0%
Average Size of Renter-Occupied Unit 3.31 2.50 2.49
Average # of Bedrooms Per Unit 4.12 2.97 2.75
Percent of Income Spent on Rent 29.2% 30.05% 29.83%
Per Capita Income $54,299 $42,122 $34,103
Median Household Income $148,309 $111,417 $88,607
Living Below the Poverty Line 1.9% 6.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 20607

In ZIP Code 20607 (Accokeek, MD), and estimated 2.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 25.5%.

The per capita income in 20607 is estimated at $54,299, which goes along with an estimated median household income of $148,309. About 1.9% of residents in this Prince George's County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.31 occupants, while the units have an aggregate average size of 4.12 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.2% of their income on housing rental costs.

Rental FAQs for ZIP Code 20607

1

What is the median monthly rent in ZIP Code 20607?

Median rent for housing in ZIP Code 20607 in Prince George's County in Maryland is approximately $1,750 per month.
2

Is it expensive to rent in ZIP Code 20607?

Rent in ZIP Code 20607 is higher than average in the state of Maryland overall. The median monthly rent of $1,750 in ZIP Code 20607 is approximately 26% higher than the Maryland median of $1,392. Additionally, median rent in this Accokeek, MD region ($1,750) is about 65% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 20607?

High-priced rentals are not common in the Accokeek, MD ZIP Code of 20607, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Maryland overall, approximately 2.1% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 20607?

Affordable rentals are less common in ZIP Code 20607 than in Maryland overall. The percentage of housing rentals in ZIP Code 20607 costing $999 or less per month (3.7%) is approximately 84% lower than the Maryland rate of 23.6% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 92% higher than the previously mentioned 20607 rate of 3.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 20607?

The most common range for rental cost in ZIP Code 20607 is between $1,500 and $1,999 per month. About 39.4% of renters in 20607 pay in this range for monthly rent. In comparison, approximately 26.4% of renters in the state of Maryland fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 20607 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 20607 is higher than the rental vacancy rate in the state of Maryland overall. Rental vacancy of 25.5% in ZIP Code 20607 is about 325% higher than the Maryland rate of 6.0%. Looking more broadly, rental vacancy in this Accokeek, MD region (25.5%) is an estimated 325% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 20607? How does it compare to other Maryland regions?

Median household income in ZIP Code 20607 is higher than in the state of Maryland overall. Annual household income of $132,690 in ZIP Code 20607 is about 56% higher than the Maryland median of $84,805. Additionally, median household income in this Accokeek, MD region ($132,690) is approximately 111% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 20607 spend on housing costs?

Renters in ZIP Code 20607 spend a lower amount of their income on rent costs than do renters in Maryland overall. Renters in ZIP Code 20607 spend an estimated 29.2% of their income on rent payments, which is about 3% lower than the overall Maryland estimated rate of 30.05%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 2% higher than the ZIP Code 20607 estimated rate of 29.2%.
9

Do renters in ZIP Code 20607 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 20607 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 20607 spending 30 percent or more of their income on rent costs (58.7%) is approximately 18% higher than the Maryland rate of 49.7% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 18% lower than the aforementioned 20607 rate of 58.7%.
10

What is the average household size of renter-occupied units in ZIP Code 20607?

The average household size of renter-occupied units in ZIP Code 20607 is higher than in the state of Maryland overall. Annual household size of 3.31 in ZIP Code 20607 is about 32% higher than the Maryland median of 2.50. Additionally, median household size in this Accokeek, MD region (3.31) is approximately 33% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Maryland ZIP Codes