ZIP Code · MD

ZIP 20650

Part of Leonardtown, MD

Pop. 16,094·Saint Marys County·53rd most expensive ZIP in Maryland

Median rent (all units)

$2,138/mo

Year-over-Year

Stable

Month-over-Month

-3.4%

vs US Median

+$206

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 20650 · $2,138

More expensive than 68% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,480

1 BR

$1,780

2 BR

$1,950

3 BR

$2,410

4 BR+

$3,070

Research median

$1,950/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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($143,116) is $3,578 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,070).

From Zillow's monthly rent index (ZORI) for ZIP 20650. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,656/yr

At $2,138/mo median

Location

CityLeonardtown

StateMD

CountySaint Marys County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -3.4% MoM), not inventory.

Demographics

Who lives here

ZIP 20650 (Leonardtown, MD) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 44.8% of residents hold a bachelor's degree or higher.

Population

16,094

Median income

$143,116

Median age

38.6

Renters

21.3%

Age distribution

26.8%

18%

30%

12.7%

12.5%

Under 1826.8%

18–3418%

35–5430%

55–6412.7%

65+12.5%

Gender

49.7%

50.3%

Male49.7%

Female50.3%

Race & ethnicity

79%

White79%

Black6.3%

Hispanic7.2%

Asian2.4%

Other5.2%

Education (25+)

26.9%

23.2%

44.8%

No HS diploma5.1%

HS diploma26.9%

Some college23.2%

Bachelor's+44.8%

Housing tenure

78.7%

21.3%

Owner78.7%

Renter21.3%

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

2021 vs 2026

How ZIP 20650 in Leonardtown, MD has changed in 5 years

Income

$127,288 → $143,116

up 12.4%

Population

14,852 → 16,094

up 8.4%

Renter share

25.6% → 21.3%

-4.3 pts

Bachelor's+

44.6% → 44.8%

+0.2 pts

Census figures show median household income at $143,116 today, compared with $127,288 five years earlier. Census counts show ZIP 20650 in Leonardtown, MD adding about 1,242 residents over the five-year window, up 8.4% on net. The renter share has eased from 25.6% to 21.3%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 20650

Last updated: October 17, 2026

ZIP code 20650 covers Leonardtown, MD. The median rent here is $2,138/mo as of October 2026. A 1-bedroom rents for a median of $1,780/mo. A 2-bedroom rents for a median of $1,950/mo.

At 18% of local median household income ($143,116/yr), ZIP 20650 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 income do you need to rent in ZIP 20650?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (about $41/hour full-time) to afford the median rent of $2,138/mo in ZIP 20650. The local median household income is $143,116/yr, so the typical household meets that bar.