20894 — Montgomery County, Maryland Market Snapshot

Housing market data for zip code 20894 in Montgomery County, Maryland. Updated monthly with median prices, days on market, and more.

Data as of December 2024

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

Source: Redfin

Median Sale Price

$1,395,000

Closed sales

Days to Sell

11

Median, listing to close

Homes Sold

1

Closed in 2024

Inventory

N/A

Jumbo Loan Likely Needed

The median home in 20894 at $1,395,000 exceeds the 2026 conforming loan limit of $1,249,125 by $145,875. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.

Market Insights

Market Temperature

20894 is an extremely competitive market with homes selling in just 11 days on average. Buyers need pre-approval letters ready before making offers.

Conforming Loan Feasibility

The median home in 20894 at $1,395,000 exceeds the 2026 conforming loan limit of $1,249,125 by $145,875. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.

Loan limits in 20894 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 20894

To purchase the median home at $1,395,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $10,838.

Monthly Payment

$10,838

Income Required

$464,488

Principal & Interest

$8,596/mo

Down Payment (5%)

$69,750

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 20894.

%
%

Estimated Monthly Payment

$8,783

Principal & Interest$7,238
Property Tax$1,395
Insurance$150
Loan Amount$1,116,000
Total Interest$1,489,806
Income Required$376,429/yr

Connect with a LoanGraphs Loan Officer

Get expert guidance for zip code 20894. Tell us what you're looking for.

I'm interested in:

No obligation. Free consultation.