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Leonardtown town, MD

ZIP 20650 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 20650

Median Home Value
$464,000
Median Rent
$1,524
Affordability Snapshot
$128,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,981/mo PITI).

13%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

25.4 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 20650 in Leonardtown town, MD, a household would need roughly $128,000 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 $2,981. That is roughly in line with the local median household income ($139,688). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
75.9%+16% vs US avg
x
Vacancy Rate
8.3%-19% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
15.6%+6% vs US avg
x
Built Pre-1939
1.5%-88% vs US avg
x
Built Post-2014
3.2%-54% vs US avg
x
Rent Burden >30%
13.8%-72% vs US avg
x
Mortgage-Free
31.6%-17% vs US avg
x
$464,000
Home Value
$1,524
Rent
1996
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached79.3%
  • 1-unit attached6.6%
  • 2-9 units4.6%
  • 10+ units6.5%
  • Mobile home & other2.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$464,000
Median rent$1,524
Owner-occupied75.9%
Vacant8.3%
Price-to-income3.3x
Est. income to buy$128,000