ZIP 20008 - 860Z200US20008 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 20008 in Washington, D.C., as a place to live, invest, or start a business, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view 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 analyst, these insights can help you make informed decisions about opportunities in ZIP 20008.

Population & Households

ZIP 20008 is home to a population of 28,743 residents, making it a moderately sized community within the nation’s capital. These individuals are distributed across 16,701 households, reflecting a mix of family units, singles, and shared living arrangements. With 18,083 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters seeking options in this ZIP code.

Income & Housing Costs

One of the standout metrics for ZIP 20008 is its median household income of $123,653, which suggests a relatively affluent community compared to national averages. This higher income level aligns with the area’s housing costs, where the median house value stands at an impressive $894,100. For renters, the median monthly rent is $2,202, indicating a premium rental market. These figures highlight ZIP 20008 as a high-demand area, likely driven by its proximity to key D.C. amenities, employment hubs, and desirable neighborhoods.

Race & Ethnicity

The demographic makeup of ZIP 20008 reflects a diverse yet predominantly white community. Approximately 65.98% of residents identify as white, while 9.95% are Black, 6.98% are Asian, and 11.4% identify as Hispanic. This mix contributes to a culturally rich environment, offering a blend of perspectives and experiences. For businesses and investors, this diversity can translate into varied consumer needs and opportunities to cater to different cultural preferences in this part of Washington, D.C.

Key Facts

• Total population in ZIP 20008: 28,743 residents.
• Total households: 16,701, with an average household size implied by population distribution.
• Total housing units: 18,083, suggesting some vacancy or availability.
• Median household income: $123,653, indicating a high-earning community.
• Median house value: $894,100, reflecting a premium real estate market.
• Median rent: $2,202 per month, pointing to a competitive rental landscape.
• Racial composition: 65.98% white, 9.95% Black, 6.98% Asian, 11.4% Hispanic.

What This Means for You

For homebuyers, ZIP 20008 offers a prestigious address with a median home value of nearly $900,000, signaling long-term value appreciation potential but requiring significant financial readiness. The high median rent of $2,202 also suggests that renting could be a viable stepping stone if purchasing isn’t immediately feasible. Real estate investors and agents should note the slight surplus of housing units (18,083 vs. 16,701 households), which may present opportunities for flipping, renting, or development, though the high entry costs demand careful market analysis.

Small-business owners can leverage the area’s affluent demographic, with a median household income over $123,000, to target premium products or services. The diverse population also means businesses can appeal to a range of cultural tastes, from dining to retail. Analysts studying ZIP 20008 will find the income and housing data indicative of a stable, high-value market, ideal for benchmarking against other D.C. areas or national trends. Across all groups, the data underscores ZIP 20008 as a competitive yet rewarding location for personal or professional growth.

Run This Study Yourself

• Curious about diving deeper into ZIP 20008 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs as a buyer, investor, or business owner.
• Use the insights to make data-driven decisions, whether you’re scouting a new home, planning a business, or analyzing market trends.