Median home value in zip code 20623 (Cheltenham, MD) is $506,792, down 0.4% year over year. Part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area.

Home Value$506,792

YoY Change

-0.4%

Prices falling — better for buyers.

Affordability

Enter your income for 20623 (Cheltenham).

Income (annual)

Down Payment

$101,358 on $506,792

Example: $75,000 household income. Change it above to see your own.

Out of reach49% of income

Need $131,271/yr to afford.

PITI$3,063

P/I49%

Afford$290K

Gap-$217K

P&I $2,563Tax $367Ins $133

6.50% 30yr, 20% down, county tax + MD ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

20623 is part of the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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