ZIP Code 20602 — Waldorf, MD Home Prices (2026)
The typical home in ZIP 20602 (Waldorf, Maryland) is worth about $392,000 at roughly $217 per square foot — 11% more affordable than the Waldorf median and 33% more expensive than the typical U.S. home.
How 20602 compares
ZIP 20602 is one of the more affordable ZIP codes in Waldorf: its typical home value of $392,000 ranks #3 of the 3 Waldorf ZIP codes we track (the citywide range runs from $392,000 in 20602 to $484,000 in 20603). Per square foot it costs about $217, against $212 for Waldorf as a whole, $233 for Maryland, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 20602 | $392,000 | $217 |
| Waldorf, MD | $440,000 | $212 |
| Maryland | $451,500 | $233 |
| United States | $294,000 | $195 |
Home value by size in 20602
Using this ZIP’s rate of about $217 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $217,000 |
| 1,500 sq ft | $325,500 |
| 2,000 sq ft | $434,000 |
| 2,500 sq ft | $542,500 |
| 3,000 sq ft | $651,000 |
Salary needed to buy a home in ZIP 20602
To buy the typical $392,000 home in ZIP 20602 with 20% down, you need a household income of roughly $107,000 a year (about $2,490 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $127,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $19,600 | $3,090/mo | $133,000/yr |
| 10% (+PMI) | $39,200 | $2,960/mo | $127,000/yr |
| 20% | $78,400 | $2,490/mo | $107,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 20602
At about $217 per square foot, here is roughly how much home different budgets get you in ZIP 20602:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 920 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1150 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1380 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1840 sq ft | around the typical home here |
| $500k | 2300 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 20602 home.
Estimate a specific home in 20602
The estimator below is pre-set to ZIP 20602 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Waldorf ZIP codes by home value
Where 20602 sits among Waldorf’s 3 ZIP codes:
ZIP 20602 home prices: frequently asked
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See the full Waldorf home values page, all Maryland cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.