ZIP 20715 - 860Z200US20715 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 20715 for your next home, investment, or business venture, understanding the area’s demographic and housing landscape is essential. Located in a dynamic region, this ZIP code offers a blend of suburban appeal and economic opportunity. With data from 2023, this snapshot provides a clear view of population trends, income levels, housing costs, and racial diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about ZIP 20715.

Population & Households

ZIP 20715 is home to a population of 26,519 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 8,970 households, reflecting a vibrant and active area. The total number of housing units stands at 9,168, indicating a slight surplus of available homes relative to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

One of the standout metrics for ZIP 20715 is its robust median household income of $139,962. This figure points to a financially stable community, which can be a strong draw for businesses seeking a customer base with disposable income. On the housing front, the median house value is $437,600, reflecting a competitive yet accessible market for buyers in a suburban setting. For renters, the median rent is $2,523 per month, which aligns with the area’s higher income levels and suggests a demand for quality rental properties. These numbers highlight ZIP 20715 as a location with significant economic potential for various stakeholders.

Race & Ethnicity

The demographic makeup of ZIP 20715 is notably diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The racial composition includes 42.68% White, 37.95% Black, 3.83% Asian, and 8.66% Hispanic residents. This diversity fosters a rich community fabric, which can be a key consideration for families seeking an inclusive place to live or for businesses aiming to serve varied customer needs. Understanding this breakdown can help tailor real estate strategies or marketing approaches to resonate with the local population.

Key Facts

• Total population in ZIP 20715: 26,519 residents.
• Total households: 8,970, supporting a strong community base.
• Total housing units: 9,168, with some availability for new occupants.
• Median household income: $139,962, indicating economic strength.
• Median house value: $437,600, competitive for the region.
• Median rent: $2,523, reflecting a premium rental market.
• Racial diversity: 42.68% White, 37.95% Black, 3.83% Asian, 8.66% Hispanic.

What This Means for You

For homebuyers, ZIP 20715 offers a stable and diverse community with a median house value of $437,600, which could represent a solid long-term investment given the area’s high median income of $139,962. The slight surplus of housing units (9,168 total) compared to households (8,970) suggests you might find some flexibility in the market to negotiate or choose from available properties. Investors and real estate agents can capitalize on this balance, as well as the strong rental demand indicated by a median rent of $2,523, to target both buyers and renters. Small-business owners will find a financially capable customer base and a culturally diverse population, ideal for businesses that thrive on varied consumer preferences. Analysts can use these metrics to benchmark ZIP 20715 against neighboring areas, identifying trends in housing and income that signal growth potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 20715? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to inform your decisions, whether you’re buying a home, investing in property, or planning a business expansion.