What is the median home value in ZIP 20832 in Montgomery County, MD?

The median home value in ZIP 20832 in Montgomery County, MD is $654,663, according to the latest Census ACS 5-Year Estimates.

How much new construction is happening in Montgomery County, MD?

Montgomery County has 1.1 million residents and issued 1,822 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Washington-Arlington-Alexandria, DC-VA-MD-WV · Maryland

Montgomery County

ZIP 20832

1.1M residents1,822 permits TTM$128,733 median HHI48 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$615,200

ACS 5-Year

Cap rate proxy

4.4%

FMR × 0.65 ÷ Home Value

Rent-to-income

18.9%

HUD FMR ÷ ACS HHI

Net migration

+2.17%

IRS SOI

Permits (TTM)

1,822

Census BPS

Climate risk

91.7

FEMA NRI (0–100)

ZIP 20832

Median home value

$654,663

Gross yield

5.0%

Cap rate

3.7%

Rent gap

25.1%

Affordability

P/I: 5.1R/I: —

Section 8 detail

SAFMR: $2,710Rent: $2,030Gap: 33.5%

ZIP code breakdown48 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
20886	$385,642	$2,080	6.5%	7.5%	-15.3%
20874	$414,290	$2,220	6.4%	5.8%	10.5%
20866	$460,772	$2,460	6.4%	6.0%	6.9%
20876	$478,035	$2,390	6.0%	5.0%	16.8%
20903	$512,726	$2,140	5.0%	4.2%	16.8%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$533,922	$2,200	4.9%	6.2%	-24.4%
$624,523	$2,270	4.4%	6.1%	-39.9%
$631,750	$2,610	5.0%	5.9%	-20.0%
$442,166	$2,160	5.9%	5.7%	2.9%
$474,035	$2,200	5.6%	5.2%	6.0%
$441,115	$2,190	6.0%	5.1%	14.1%
$528,475	$2,840	6.4%	5.1%	21.3%
$799,055	$2,350	3.5%	4.8%	-36.1%
$767,229	$2,720	4.3%	4.6%	-7.1%
$541,156	$1,940	4.3%	4.5%	-4.6%
$534,068	$2,390	5.4%	4.4%	18.5%
$582,582	$2,160	4.4%	4.3%	3.7%
$691,254	$2,410	4.2%	4.2%	-0.9%
$686,794	$2,740	4.8%	4.1%	14.7%
$1,272,691	$3,010	2.8%	4.0%	-42.5%
$615,200county est.	$2,710	5.3%	4.0%	25.1%
$615,200county est.	$2,330	4.5%	4.0%	12.9%
$615,200county est.	$2,280	4.4%	4.0%	11.0%
$615,200county est.	$2,280	4.4%	4.0%	11.0%
$615,200county est.	$3,080	6.0%	4.0%	34.1%
$615,200county est.	$3,080	6.0%	4.0%	34.1%
$615,200county est.	$2,480	4.8%	4.0%	18.1%
$615,200county est.	$2,270	4.4%	4.0%	10.6%
$615,200county est.	$1,830	3.6%	4.0%	-10.9%
$615,200county est.	$1,920	3.7%	4.0%	-5.7%
$615,200county est.	$1,130	2.2%	4.0%	-79.7%
$680,460	$2,700	4.8%	3.9%	19.0%
$641,353	$2,580	4.8%	3.8%	21.4%
$654,663	$2,710	5.0%	3.7%	25.1%
$672,155	$2,200	3.9%	3.6%	7.7%
$584,676	$2,020	4.1%	3.6%	14.0%
$718,727	$2,270	3.8%	3.4%	10.6%
$727,043	$1,690	2.8%	3.4%	-20.1%
$1,272,061	$3,370	3.2%	3.3%	-4.0%
$784,934	$2,220	3.4%	3.1%	8.6%
$801,194	$2,530	3.8%	3.0%	19.8%
$809,114	$2,240	3.3%	3.0%	9.4%
$827,735	$3,100	4.5%	2.9%	34.5%
$1,156,634	$2,680	2.8%	2.7%	2.6%
$673,860	$1,900	3.4%	2.6%	22.1%
$956,497	$2,130	2.7%	2.5%	4.7%
$1,279,107	$3,370	3.2%	2.5%	19.9%
$1,235,637	$3,370	3.3%	2.0%	39.8%

Demographics

Owner-occupied

65.3%

Census ACS

Vacancy rate

4.3%

Census ACS

Bachelor's degree +

60.3%

Census ACS

Rent burdened

49.5%

Census ACS (>30% income)

Median age

40.1

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026

Montgomery County

See all 48 ZIPs ranked by yield and cap rate