ZIP 20784 - 860Z200US20784 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 20784 for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located in Maryland, this ZIP code offers a diverse community with a population of over 32,000. Whether you’re a homebuyer seeking affordability, an investor eyeing growth potential, or a small-business owner scouting a customer base, this snapshot provides actionable insights based on 2023 data. Let’s break down the key metrics to help you make informed decisions about ZIP 20784.

Population & Households

ZIP 20784 is home to a total population of 32,271 residents as of 2023. This sizable community is distributed across 10,188 households, reflecting a vibrant and active area. With 10,773 total housing units, the region shows a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. The average household size can be inferred as roughly 3.2 people, suggesting a mix of families and smaller households that contribute to the area’s dynamic character.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 20784 presents a solid economic profile. The median household income stands at $84,599, which offers a comfortable earning base for many residents. This income level supports a housing market where the median house value is $356,500—a figure that may appeal to homebuyers seeking value in a competitive region like Maryland. For renters, the median rent is $1,769 per month, reflecting a significant but manageable cost for those not ready to buy. These numbers suggest a balanced market where both owning and renting are viable options depending on your financial goals.

Race & Ethnicity

One of the standout features of ZIP 20784 is its cultural diversity. The racial and ethnic composition of the area includes 51.46% Black or African American residents, making it the largest demographic group. Hispanic or Latino residents account for 39.99% of the population, adding to the area’s rich multicultural fabric. White residents comprise 4.33%, while Asian residents make up 1.63%. This diversity shapes the community’s identity, influencing everything from local businesses to cultural events. For business owners and investors, this mix offers opportunities to cater to a wide range of preferences and needs.

Key Facts

• Total population in ZIP 20784: 32,271 residents as of 2023.
• Total households: 10,188, with an average size of approximately 3.2 people.
• Total housing units: 10,773, indicating potential availability for new occupants.
• Median household income: $84,599, supporting a stable local economy.
• Median house value: $356,500, offering value for homebuyers in the region.
• Median rent: $1,769 per month, a notable but feasible cost for renters.
• Diverse population: 51.46% Black, 39.99% Hispanic, 4.33% White, 1.63% Asian.

What This Means for You

For homebuyers, ZIP 20784 offers a compelling mix of affordability and community. With a median house value of $356,500 and a median income of $84,599, purchasing a home here could be within reach for many, especially compared to pricier nearby markets. Investors and real estate agents will note the slight surplus of housing units (10,773 vs. 10,188 households), which may signal opportunities for rental properties or flips, particularly given the steady rental demand at a median of $1,769. Small-business owners can leverage the area’s diversity—over 90% of residents identify as Black or Hispanic—to tailor products, services, or marketing to a broad customer base. Analysts will appreciate the stable income levels and diverse demographics as indicators of a resilient local economy worth studying further.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 20784? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more—customized to your needs.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing, or planning a business in the area.