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ZIP 23242 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 23242

Median Home Value
$864,600
Median Rent
$1,666
Affordability Snapshot
$238,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$5,554/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

9.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

43.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 23242, a household would need roughly $238,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $5,554. That is about 151% above the local median household income ($94,864), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
24.5%-63% vs US avg
x
Vacancy Rate
7.8%-24% vs US avg
x
Broadband Access
98.8%+14% vs US avg
x
4+ Bedrooms
11.7%-21% vs US avg
x
Built Pre-1939
1.7%-87% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
12.2%-75% vs US avg
x
Mortgage-Free
43.6%+14% vs US avg
x
$864,600
Home Value
$1,666
Rent
1992
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached23.3%
  • 1-unit attached41.4%
  • 2-9 units12.7%
  • 10+ units22.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$864,600
Median rent$1,666
Owner-occupied24.5%
Vacant7.8%
Price-to-income9.1x
Est. income to buy$238,000