The story of this market
The typical home in ZIP 20706 sells for about $394,000, or $255 per square foot.
Prices are down 19.5% from a year ago, which gives buyers more room to negotiate. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,840 a month.
ZIP 20706 — Lanham
The 20706 housing market is experiencing significant downward price pressure with a year-over-year decline of 19.5%. While the market remains competitive, the sharp drop in median home values and increased days on market suggest a cooling trend compared to previous periods.
Median prices moved down 19.5% year over year.
Homes spend a median of 57 days on market with 1.6 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 9.8% — a stable, low-distress profile.
Built from 427 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 20706, Prince George's County, MD
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data sourced from Data Commons/Census Bureau
- F1 Arcade Washington, D.C.4.68.5 mi
- Urban Air Trampoline and Adventure Park4.17.9 mi
- K1 Speed Jessup4.513.3 mi
- Dave & Buster's Hanover - Arundel415.3 mi
- The Adventure Park at Sandy Spring4.814.9 mi
- Nationals Park4.610.3 mi
- Capital One Arena4.510 mi
- Northwest Stadium43.8 mi
- Walter E. Washington Convention Center4.59.9 mi
- International Spy Museum4.410.7 mi
- Smithsonian National Museum of Natural History4.810.4 mi
- Lincoln Memorial4.811.7 mi
- Smithsonian's National Air and Space Museum4.610.3 mi
- Smithsonian National Zoological Park4.610.7 mi
- Washington Monument4.710.9 mi
- Lincoln Memorial4.811.7 mi
- Smithsonian National Museum of Natural History4.810.4 mi
- Smithsonian's National Air and Space Museum4.610.3 mi
- United States Capitol4.79.7 mi
- National Mall4.811.1 mi
- Lincoln Memorial4.811.7 mi
- National Mall4.811.1 mi
- United States Botanic Garden4.89.9 mi
- Martin Luther King, Jr. Memorial4.911.5 mi
- Brookside Gardens4.812 mi
- East Potomac Golf Links4.111.1 mi
- Puttery4.510.1 mi
- Renditions Golf Course4.210.4 mi
- Langston Golf Course & Driving Range4.37.6 mi
- University of Maryland Golf Course4.45.7 mi
- Union Market4.58.5 mi
- Mall at Prince George's4.25.5 mi
- Westfield Wheaton4.211.9 mi
- Eastern Market4.59.3 mi
- L'Enfant Plaza4.210.6 mi
- Ronald Reagan Washington National Airport4.212.6 mi
- Baltimore/Washington International Thurgood Marshall Airport4.317.9 mi
- The Club BWI3.918.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.