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Find out how much Lanham Real Estate is worth

Lanham is a diverse, thriving suburban community just 13 miles outside of Washington, DC in Prince George's County. Home to about 39,000 residents of diverse backgrounds, Lanham is a community made up mostly of homeowners. The few renters here pay about $1,225 per month, which is twice the national rental rate.

The median home cost here is $368,000, which typically buys a brick home of three of four bedrooms, with a yard. Most properties in Lanham, with its tree lined streets, were built since the 1950s. Brick ramblers and colonials dominate the landscape. Some homes have picket fences and gardens.

Lanham is a quiet area with relatively low crime. Its proximity to the nation's capital and nearby thriving technology and medical research organizations make it a popular home for commuters who drive or take public transport to and from work.

Residents here are well educated, with the percentage of college degree holders being much higher than the national average. This translates into a higher than average local household income, which tops $63,000 and is about one-third higher than the national average household income.

Education is important to Lanham residents, who on average invest more in local schools than other American communities. This makes public schools excellent performers when it comes to national test scores and graduation rates. The teacher to pupil ratio is also low, which means that students in Lanham get more individual attention than the average American pupil. Most local high school graduates go on to pursue a college degree.

In recent years, Lanham has become a popular retirement spot. About one-third of local residents are aged 50 or over. As more people over the age of 50 have moved in, the amenities catering to that generation have increased. CNN/Money and Money magazine last year ranked Lanham among the top 100 places to retire in the country.

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