ZIP 20653 - 860Z200US20653 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 20653 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of suburban appeal and economic opportunity. With a population of over 26,000 and a median household income nearing $100,000, this region presents a stable and diverse community. In this snapshot, we dive into the 2023 data for ZIP 20653, covering population, income, housing costs, and racial composition to help you make informed decisions.

Population & Households

ZIP 20653 is home to a population of 26,799 residents, making it a moderately sized community with room for growth. These individuals are distributed across 10,864 households, reflecting a mix of family units, singles, and retirees. The total number of housing units stands at 11,696, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for homebuyers or investors looking to enter the market in this area.

Income & Housing Costs

Financial stability is a key draw for ZIP 20653, with a median household income of $97,923. This figure points to a relatively affluent community, where residents have the purchasing power to support local businesses and maintain a comfortable lifestyle. On the housing front, the median home value is $341,900, positioning this area as a mid-range market with attainable entry points for buyers. For renters, the median rent is $1,579 per month, reflecting a competitive rental market that aligns with the income levels of the area. These metrics suggest that ZIP 20653 offers a balanced cost of living for both homeowners and tenants.

Race & Ethnicity

The demographic makeup of ZIP 20653 is notably diverse, fostering a vibrant and inclusive community. The racial composition includes 53.78% White residents, 28.01% Black residents, 4.26% Asian residents, and 5.77% Hispanic residents. This diversity can be a significant asset for businesses aiming to cater to a wide range of cultural preferences and for families seeking a welcoming environment with varied perspectives. Understanding this mix is crucial for anyone looking to connect with or serve the local population effectively.

Key Facts

• Total population: 26,799 residents, offering a sizable community for engagement.
• Total households: 10,864, indicating a strong base of local consumers.
• Total housing units: 11,696, with some availability for new occupants or investors.
• Median household income: $97,923, reflecting economic stability.
• Median home value: $341,900, a reasonable entry point for mid-range buyers.
• Median rent: $1,579, competitive for the income levels in the area.
• Racial diversity: 53.78% White, 28.01% Black, 4.26% Asian, 5.77% Hispanic, showcasing a multicultural community.

What This Means for You

For homebuyers, ZIP 20653 offers a promising market with median home values at $341,900 and a slight surplus of housing units, which could mean less competition when finding the right property. Investors and real estate agents will appreciate the area’s economic stability, with high median incomes suggesting reliable rental demand and potential for property value growth. Small-business owners can tap into a diverse customer base of over 26,000 residents, supported by strong household incomes that encourage local spending. Analysts studying market trends will find the demographic diversity and balanced housing metrics useful for forecasting growth or identifying niche opportunities. Whether you’re settling down, investing, or launching a venture, ZIP 20653 provides a solid foundation to build on.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 20653? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to inform your homebuying, investment, or business decisions with confidence.