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ZIP Code · MD

ZIP 20602

Part of Waldorf, MD
Pop. 28,331·Charles County·24th most expensive ZIP in Maryland
Median rent (all units)
$2,472/mo
Year-over-Year
Stable
Month-over-Month
+3.6%
vs US Median
+$510
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 20602 · $2,472
More expensive than 79% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,820
1 BR
$1,870
2 BR
$2,090
3 BR
$2,640
4 BR+
$3,100
Research median
$2,090/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$29,664/yr
At $2,472/mo median
Location
StateMD
CountyCharles County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +3.6% MoM), not inventory.
Demographics

Who lives here

ZIP 20602 (Waldorf, MD) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 29.4% of residents hold a bachelor's degree or higher.

Population
28,331
Median income
$107,360
Median age
34.2
Renters
33%
Age distribution
25.2%
25.8%
25.2%
12.7%
Under 1825.2%
18–3425.8%
35–5425.2%
55–6412.7%
65+11%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
21.8%
60.2%
White21.8%
Black60.2%
Hispanic10.3%
Asian1.3%
Other6.4%
Education (25+)
31%
33.8%
29.4%
No HS diploma5.8%
HS diploma31%
Some college33.8%
Bachelor's+29.4%
Housing tenure
67%
33%
Owner67%
Renter33%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 20602 in Waldorf, MD has changed in 5 years

Income
$93,814 → $107,360
up 14.4%
Population
28,277 → 28,331
up 0.2%
Renter share
34.6% → 33%
-1.6 pts
Bachelor's+
27.5% → 29.4%
+1.9 pts

Median household income climbed from $93,814 to $107,360 between 2021 and 2024, a 14.4% shift. The renter share has eased from 34.6% to 33%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 20602

Last updated: August 17, 2026

ZIP code 20602 covers Waldorf, MD. The median rent here is $2,472/mo as of August 2026. A 1-bedroom rents for a median of $1,870/mo. A 2-bedroom rents for a median of $2,090/mo.

At 28% of local median household income ($107,360/yr), ZIP 20602 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 20602?

As of August 17, 2026, the median monthly rent in ZIP 20602 (Waldorf, MD) is $2,472. This is based on aggregated data from public sources and community submissions.

How does ZIP 20602 rent compare to the US average?

ZIP 20602's median rent of $2,472/mo is $510 (26%) above the US national median of $1,962/mo.

How does ZIP 20602 compare to other ZIPs in Maryland?

ZIP 20602 is one of the pricier ZIP codes in Maryland, ranking #24 out of 139 ZIPs tracked at $2,472/mo.

How much income do you need to rent in ZIP 20602?

To keep rent at or below 30% of gross income, you would need to earn at least $99,000/year (~$48/hour full-time) to afford the median rent of $2,472/mo in ZIP 20602. The local median household income is $107,360/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 20602?

Rent in ZIP 20602 has been relatively stable over the past year, with a 0.0% change year over year as of August 17, 2026.

Is ZIP 20602 an affordable place to rent?

ZIP 20602 is considered affordable for renters. At $2,472/mo, rent takes approximately 28% of the local median household income ($107,360/yr). The standard benchmark is 30%. ZIP 20602 falls comfortably within that range.

What percentage of ZIP 20602 residents rent vs. own?

According to Census data, approximately 33% of ZIP 20602 households are renters, while 67% are owner-occupied. ZIP 20602 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 20602 compare to the rest of Waldorf?

ZIP 20602 is pricier than Waldorf as a whole. At $2,472/mo, it's $150 above the Waldorf citywide median of $2,322/mo.

When was rent data for ZIP 20602 last updated?

Rent data for ZIP 20602 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $2,472/mo, rent takes ~28% of ZIP 20602's median household income ($107,360/yr). The standard benchmark is 30%.

ZIP 20602 28%Benchmark 30%
State income tax2–5.75%
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Schools nearby

Public schools near ZIP 20602 (Waldorf, MD)

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