ZIP 20782 - 860Z200US20782 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 20782 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in Maryland, this area offers a vibrant mix of residents and opportunities. With a population of over 34,000 and a median household income of $88,226, ZIP 20782 presents a dynamic community with diverse cultural backgrounds and a robust housing market. This article breaks down the key metrics for 2023, providing actionable insights for homebuyers, real estate investors, small-business owners, and analysts.

Population & Households

ZIP 20782 is home to 34,646 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 12,644 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 13,312, indicating a slight surplus of available properties 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 units.

Income & Housing Costs

The financial profile of ZIP 20782 shows a median household income of $88,226, which positions the area as a relatively affluent community compared to national averages. This income level supports a housing market where the median home value is $431,300—a significant investment that reflects the area’s desirability and proximity to urban centers. For renters, the median monthly rent is $1,789, which aligns with the income levels but may require careful budgeting for some households. These figures highlight a market that caters to middle- and upper-middle-income residents, with costs that reflect the value of living in this location.

Race & Ethnicity

One of the standout features of ZIP 20782 is its cultural diversity. The racial and ethnic composition of the area includes 37.26% Black or African American, 40.89% Hispanic or Latino, 13.86% White, and 3.98% Asian residents. This rich mix creates a multicultural environment that can appeal to a wide range of individuals and businesses. For homebuyers, this diversity often translates to vibrant neighborhoods with varied cultural offerings. For business owners, it means a broad customer base with unique needs and preferences.

Key Facts

• Total population: 34,646 residents in ZIP 20782.
• Total households: 12,644, with a mix of family and individual setups.
• Total housing units: 13,312, offering some availability for new occupants.
• Median household income: $88,226, indicating a solid economic base.
• Median home value: $431,300, reflecting a strong real estate market.
• Median rent: $1,789 per month, a notable cost for renters.
• Diverse community: 40.89% Hispanic, 37.26% Black, 13.86% White, 3.98% Asian.

What This Means for You

For homebuyers, ZIP 20782 offers a chance to join a diverse and economically stable community. The median home value of $431,300 suggests a long-term investment with potential for appreciation, though it requires a significant upfront cost. Renters should note the median rent of $1,789 and plan finances accordingly, as it represents a substantial monthly expense.

For real estate investors and agents, the slight surplus of housing units (13,312 total vs. 12,644 households) hints at opportunities for rentals or flips. The area’s income levels and home values indicate a market that can support premium pricing, especially for properties near amenities or transit hubs.

For small-business owners, the diverse population of 34,646 offers a wide customer pool. Tailoring products or services to the cultural mix—especially the large Hispanic and Black communities—could drive success. The median income of $88,226 also suggests disposable income for non-essential goods and services.

For analysts, these metrics provide a snapshot of a thriving, multicultural area with a strong economic foundation. The data can inform broader studies on housing trends, income distribution, or demographic shifts in Maryland.

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