ZIP 20002 - 860Z200US20002 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 20002 in Washington, D.C., for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and cultural diversity in this vibrant area. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights can help you make informed decisions about living in or engaging with this community.

Population & Households

ZIP code 20002 is home to a substantial population of 70,580 residents as of 2023. This area supports a significant number of households, totaling 34,558, which reflects a dense and active community. With 38,459 total housing units, there’s a mix of occupied and available properties, suggesting opportunities for both residents and investors looking to enter this market. The ratio of households to population indicates an average household size that aligns with urban living, often comprising smaller family units or individual dwellers.

Income & Housing Costs

The financial profile of ZIP 20002 is noteworthy, with a median household income of $114,482. This figure points to a relatively affluent community, offering purchasing power that can support local businesses and sustain a higher cost of living. On the housing front, the median home value stands at an impressive $813,700, reflecting the premium placed on real estate in this part of Washington, D.C. For renters, the median rent is $2,140 per month, indicating a competitive rental market that caters to those with stable incomes. These metrics suggest that both owning and renting in this area require significant financial commitment, but they also highlight the potential for strong returns on investment.

Race & Ethnicity

ZIP code 20002 boasts a diverse population, which adds to its cultural richness and appeal. The racial composition in 2023 breaks down as follows: 41.26% White, 40.03% Black, 3.25% Asian, and 8.76% Hispanic. This near-balanced mix of White and Black residents, alongside smaller but significant Asian and Hispanic communities, creates a dynamic social fabric. For businesses and investors, this diversity can translate into a broad customer base and a variety of cultural needs to address, while homebuyers may appreciate the inclusive and multifaceted community environment.

Key Facts

• Total population in ZIP 20002: 70,580 residents.
• Total households: 34,558, indicating a bustling residential area.
• Total housing units: 38,459, with room for growth or investment.
• Median household income: $114,482, showcasing strong earning potential.
• Median home value: $813,700, reflecting a high-demand real estate market.
• Median rent: $2,140, pointing to a competitive rental landscape.
• Diverse demographics: 41.26% White, 40.03% Black, 3.25% Asian, 8.76% Hispanic.

What This Means for You

For homebuyers, ZIP 20002 offers a vibrant, diverse community with a high median home value of $813,700, suggesting long-term value appreciation but requiring substantial upfront investment. The median rent of $2,140 also indicates that renting could be a viable interim step if buying isn’t immediately feasible. Real estate investors and agents will find opportunity in the area’s 38,459 housing units and strong median income of $114,482, which supports a market of financially capable buyers and renters. Small-business owners can leverage the diverse population of 70,580 and their purchasing power to cater to varied cultural tastes and needs, from niche retail to specialized services. Analysts can use these metrics as a benchmark to compare with other ZIP codes or track trends over time, gaining deeper insights into urban demographic shifts.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 20002? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed population, income, and housing statistics tailored to your needs.
• Use the insights to inform your next home purchase, investment decision, or business strategy with confidence.