ZIP 20746 - 860Z200US20746 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 20746 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Maryland, this area offers a diverse community and a mix of housing opportunities. With data from 2023, this snapshot provides a clear picture of population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for ZIP 20746 and uncover what they mean for you.

Population & Households

ZIP 20746 is home to a population of 27,494 residents as of 2023. This sizable community is distributed across 13,164 households, reflecting a vibrant and active area. The total number of housing units stands at 14,075, indicating a slight surplus of available homes compared to occupied households. This could point to opportunities for prospective buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 20746 is $78,391, which suggests a stable economic base for many residents. This income level can support a comfortable lifestyle and indicates potential purchasing power for local businesses. On the housing front, the median home value is $325,000, positioning this area as a moderately priced market for the region. For renters, the median monthly rent is $1,735, which reflects a significant but manageable cost for those not ready to buy. These figures provide a balanced view of affordability and investment potential in ZIP 20746.

Race & Ethnicity

The racial and ethnic composition of ZIP 20746 is predominantly Black, with 85.03% of the population identifying as such. White residents make up 5.46%, while Hispanic individuals account for 4.74%, and Asian residents represent 0.99%. This demographic makeup highlights a strong cultural identity and community cohesion, which can be a draw for those seeking a tight-knit environment or businesses aiming to cater to specific cultural needs.

Key Facts

• Total population in ZIP 20746: 27,494 residents.
• Total households: 13,164, with 14,075 total housing units available.
• Median household income: $78,391, indicating solid economic stability.
• Median home value: $325,000, a moderate price point for the area.
• Median monthly rent: $1,735, reflecting rental market trends.
• Racial composition: 85.03% Black, 5.46% White, 4.74% Hispanic, 0.99% Asian.

What This Means for You

For homebuyers, ZIP 20746 offers a community with a median home value of $325,000, which could be an accessible entry point depending on your budget. The slight surplus of housing units (14,075 total versus 13,164 households) might mean less competition for available properties. If you’re a renter, the median rent of $1,735 suggests you’ll need to plan for a notable monthly expense, but the area’s median income of $78,391 indicates many residents can sustain these costs.

For real estate investors and agents, the data points to potential in both buying and renting markets. With some unoccupied housing units, there may be room to acquire properties for rental income or resale. The strong community presence, especially among Black residents (85.03%), could guide targeted marketing strategies or property developments that resonate culturally.

For small-business owners, the population of 27,494 and a median income of $78,391 signal a customer base with disposable income. Tailoring products or services to the predominant demographic—while being mindful of the area’s diversity—could help you build a loyal clientele. The rental costs also suggest that leasing commercial space might be a significant but feasible investment.

For analysts, these metrics provide a foundation for deeper research into economic trends, housing demand, or community needs in ZIP 20746. The income and housing cost balance, paired with demographic insights, offers a starting point for forecasting growth or identifying gaps in services.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 20746? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access up-to-date population, income, and housing stats tailored to your needs.
• Use the insights to make data-driven decisions for your home search, investment, or business strategy.