ZIP 20016 - 860Z200US20016 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 20016 in Washington, D.C., for your next home, investment, or business venture, understanding the area’s demographics and housing landscape is essential. Located in an affluent part of the city, this ZIP code offers a unique blend of residential stability and economic strength. Drawing from the latest 2023 data, this snapshot provides a clear picture of the population, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 20016.

Population & Households

ZIP 20016 is home to a population of 31,668 residents, making it a moderately sized community within the D.C. area. These individuals are distributed across 13,916 households, reflecting a strong residential presence. With 15,457 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth or turnover, depending on your goals.

Income & Housing Costs

One of the standout features of ZIP 20016 is its high median household income of $179,107. This figure places the area among the more affluent ZIP codes in the region, signaling a community with significant purchasing power and economic stability. For homebuyers and investors, this translates to a market where property values are correspondingly high, with a median house value of $1,206,200. Renters, too, face elevated costs, with a median rent of $2,105 per month. These numbers highlight ZIP 20016 as a premium location, where both owning and renting come with a substantial financial commitment but also the potential for strong returns.

Race & Ethnicity

The demographic makeup of ZIP 20016 offers insight into the community’s diversity and cultural fabric. The population is predominantly White, accounting for 75.22% of residents. Black or African American individuals make up 6.73%, while Asian residents represent 5.72%. Additionally, 8.06% of the population identifies as Hispanic or Latino. This composition reflects a primarily White community with notable representation from other racial and ethnic groups, which may influence the cultural amenities, schools, and social dynamics that define life in this ZIP code.

Key Facts

• Total population: 31,668 residents in ZIP 20016 as of 2023.
• Total households: 13,916, indicating a strong residential base.
• Total housing units: 15,457, suggesting some availability for new occupants.
• Median household income: $179,107, reflecting high earning potential.
• Median house value: $1,206,200, indicative of a premium real estate market.
• Median rent: $2,105 per month, aligning with the area’s affluent profile.
• Racial composition: 75.22% White, 6.73% Black, 5.72% Asian, 8.06% Hispanic.

What This Means for You

For homebuyers, ZIP 20016 represents a high-end market where properties command top dollar—median values over $1.2 million mean you’ll need substantial resources, but you’re buying into a stable, affluent community with likely strong appreciation potential. Investors and real estate agents should note the slight surplus of housing units (15,457 vs. 13,916 households), which could signal opportunities for rentals or flips, though high entry costs require careful financial planning. Small-business owners will find a customer base with significant disposable income (median household income of $179,107), ideal for premium goods or services, though high rents of $2,105 may impact operating costs. Analysts can use this data to benchmark ZIP 20016 against other D.C. areas, focusing on its economic strength and demographic stability as key drivers of market trends.

Run This Study Yourself

Want to dive deeper into ZIP 20016 or compare it with another area? Uncover tailored insights with these simple steps:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
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• Use the data to inform your homebuying, investment, or business decisions with confidence.