The 10 Zip Codes in the Maryland Suburbs With the Highest Home Price Appreciation in 2023

• October 31st 2023

by UrbanTurf Staff

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UrbanTurf is taking its semi-regular look at the areas around DC that have seen the highest home price appreciation so far in 2022. Today, we look at the close-in Maryland zip codes where prices have risen the most. 

In the table below, we outline the ten areas that have seen the largest percentage increase in home values this year. In order to qualify for the list, a zip code had to record at least 20 sales so far in 2023. 

The zip code where home values have risen the most this year is 20895, which is home to Kensington. The rise in prices for 3- and 4-bedroom detached houses drove appreciation. The next three zip codes which are home to areas of Bethesda, Chevy Chase, Md. and portions of Silver Spring all saw home values rise by around 13%-14%. 

Rounding out the bottom of the list are zip codes for areas including Hyattsville, Glen Echo, Silver Spring and Rockville. 

If you are curious about home price appreciation in a Maryland zip code not listed above, shoot us an email at editor(at)urbanturf.com and we will give you the answer. 

Photo courtesy of Studio Trejo. Home in photo sold by Nicole Terry of The HEIDER Office.

This article originally published at https://dc.urbanturf.com/articles/blog/the_10_zip_codes_in_the_maryland_suburbs_with_the_highest_home_price_2023/21633.