20889 — Montgomery County, Maryland Market Snapshot
Housing market data for zip code 20889 in Montgomery County, Maryland. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 1 home sold in this ZIP code during the selected period. Statistics may not be representative. See the Montgomery County county page for broader data.
Market Sales Data
1 sales in 2024
Median Sale Price
$937,500
Days to Sell
3
Homes Sold
1
Inventory
N/A
Conforming Loan Available
Most homebuyers in 20889 can comfortably use conventional financing. The median home price of $937,500 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
20889 is an extremely competitive market with homes selling in just 3 days on average. Buyers need pre-approval letters ready before making offers.
Conforming Loan Feasibility
Most homebuyers in 20889 can comfortably use conventional financing. The median home price of $937,500 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 20889 are set at the county level.
2026 Loan Limits — Montgomery 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 20889
To purchase the median home at $937,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,333.
Monthly Payment
$7,333
Income Required
$314,264
Principal & Interest
$5,777/mo
Down Payment (5%)
$46,875
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 20889.
Estimated Monthly Payment
$5,952
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