ZIP 20772 - 860Z200US20772 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 20772, located in Maryland, this demographic and housing snapshot offers a clear picture of the area in 2023. With a substantial population, strong income levels, and a diverse community, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the latest data to help you understand what makes this area stand out and how it can align with your goals.

Population & Households

ZIP 20772 is home to 52,768 residents, making it a sizable community with a vibrant local presence. This population supports a total of 18,911 households, reflecting a strong residential base. Whether you’re a business owner looking for a customer pool or a homebuyer seeking a lively neighborhood, the scale of this area suggests ample opportunities for engagement and connection. The number of total housing units stands at 19,658, indicating a slight surplus of homes compared to households, which could point to potential availability for new residents or investors.

Income & Housing Costs

One of the standout metrics for ZIP 20772 is its median household income of $135,576, which signals a financially stable community. This higher-than-average income level can be a draw for businesses targeting affluent customers or for homebuyers seeking a prosperous area. On the housing front, the median home value is $443,500, reflecting a robust real estate market. For renters, the median rent is $2,045 per month, which aligns with the area’s income and property values, suggesting a competitive but manageable rental market. These figures highlight ZIP 20772 as a place where both owning and renting come with a significant but potentially rewarding cost.

Race & Ethnicity

The demographic makeup of ZIP 20772 is notably diverse, with a racial composition that includes 77.62% Black, 10.43% White, 1.14% Asian, and 6.74% Hispanic residents. This diversity shapes the cultural fabric of the area, offering a rich community experience for residents and unique market segments for businesses. For investors and small-business owners, understanding this breakdown can help tailor offerings or marketing strategies to resonate with the predominant demographic groups while fostering inclusivity across all backgrounds.

Key Facts

• Total population in ZIP 20772: 52,768 residents, indicating a large and active community.
• Total households: 18,911, supporting a strong residential foundation.
• Total housing units: 19,658, suggesting slight availability for new occupants or investments.
• Median household income: $135,576, reflecting financial stability and purchasing power.
• Median home value: $443,500, pointing to a valuable real estate market.
• Median rent: $2,045, aligning with the area’s income and housing costs.
• Racial diversity: Predominantly Black (77.62%), with notable White (10.43%) and Hispanic (6.74%) populations.

What This Means for You

For homebuyers, ZIP 20772 offers a financially stable community with a median income of $135,576 and home values around $443,500. This suggests a solid investment in a neighborhood with strong economic underpinnings, though you’ll need to budget accordingly for the higher cost of entry. For investors and real estate agents, the slight surplus of housing units (19,658 vs. 18,911 households) could indicate opportunities for rental properties or flips, especially given the competitive median rent of $2,045. The high home values also suggest potential for long-term appreciation. For small-business owners, the large population of 52,768 and diverse demographic makeup provide a broad customer base, particularly if you cater to the predominant Black community (77.62%) or tap into the area’s affluence. Finally, for analysts, these metrics offer a clear baseline to track trends in income, housing, and diversity over time in this dynamic Maryland ZIP code.

Run This Study Yourself

• Curious about diving deeper into ZIP 20772 or comparing it with another area? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code to uncover detailed metrics like population, income, and housing costs tailored to your needs.
• Use the insights to make informed decisions for buying, investing, or launching a business with confidence.