The story of this market
The typical home in ZIP 24882 sells for about $36,987, or $54 per square foot.
Prices are down 17.11% from a year ago, which gives buyers more room to negotiate. Homes take about 170 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,850 a month.
This ZIP has no home sales of its own, so its market figures come from McDowell County, West Virginia (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 24882 — Simon
The housing market in 20882 remains resilient, characterized by low inventory and steady price appreciation. High demand from affluent professionals and limited supply continue to drive competition, keeping the market stable despite broader economic headwinds.
This ZIP is ideal for affluent families and professionals seeking suburban space and top-tier schools while maintaining access to the D.C. metro employment core.
Median prices moved down 17.1% year over year.
Homes spend a median of 170 days on market with 3.5 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 95% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.3% · poverty 21.7% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 20882, Montgomery County MD
The area reports low crime rates consistent with suburban Montgomery County, generally ranking safer than the regional average.
Schools serving this ZIP are part of the highly-rated Montgomery County Public Schools system, known for strong academic performance and college readiness.
The area faces moderate risk from severe storms and wind, with standard insurance requirements for residential properties.
Economic momentum is driven by proximity to the I-270 technology corridor and major federal employers in the Washington, D.C. metro area.
Property taxes are assessed by Montgomery County based on market value, with additional state-level levies and local municipal taxes applied.
Residents primarily commute via I-270 or the MARC train toward Bethesda, Rockville, and Washington, D.C. employment hubs.
The area features extensive access to regional parks, equestrian trails, and local golf courses, with suburban shopping centers located within a short drive.
The rental market is characterized by low vacancy rates and high demand, with limited inventory of multi-family units compared to single-family rentals.
The economy is anchored by the biotechnology, life sciences, and federal government sectors prevalent in Montgomery County.
The area relies on highway connectivity via I-270 and access to regional commuter rail services.
Development is strictly managed by county master plans, focusing on preserving rural character while allowing for controlled suburban growth.
The Montgomery County Department of Finance handles property assessments, which are conducted on a triennial cycle.
Parcels are subject to Montgomery County Public Schools district taxes and various local utility and fire/rescue service districts.
Property insurance premiums are stable but reflect regional risks associated with severe weather events.
Maryland experiences moderate net domestic migration, with significant movement between the D.C. suburbs and neighboring states.
Maryland is a judicial foreclosure state, requiring court oversight for the foreclosure process.
Sellers are required to provide a residential property disclosure statement covering the condition of the home's major systems.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Large regional park offering hiking, boating, and picnic areas.
Public 18-hole course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median price ($875,000) sat outside the 0.25–4× band around McDowell County's retained level and was not stored.