20602 — Charles County, Maryland Market Snapshot
Housing market data for zip code 20602 in Charles County, Maryland. Updated monthly with median prices, days on market, and more.
Market Sales Data
47 sales in 2026 (year to date)
Median Sale Price
$424,900
Days to Sell
42
Homes Sold
47
Inventory
56
Sale-to-List
100.3%
New Listings
81
Price/SqFt
$227
Pending Sales
59
Conforming Loan Available
Most homebuyers in 20602 can comfortably use conventional financing. The median home price of $424,900 is well below the 2026 conforming loan limit of $1,249,125, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
20602's market is balanced with homes taking an average of 42 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 20602 (100.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 20602 can comfortably use conventional financing. The median home price of $424,900 is well below the 2026 conforming loan limit of $1,249,125, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 20602 are set at the county level.
2026 Loan Limits — Charles County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,249,125 | $1,249,125 |
| 2 Units | $1,599,375 | $1,599,375 |
| 3 Units | $1,933,200 | $1,933,200 |
| 4 Units | $2,402,625 | $2,402,625 |
Affordability Snapshot — Zip 20602
To purchase the median home at $424,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,405.
Monthly Payment
$3,405
Income Required
$145,948
Principal & Interest
$2,618/mo
Down Payment (5%)
$21,245
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 20602.
Estimated Monthly Payment
$2,780
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