ZIP 20815 - 860Z200US20815 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 20815 for your next home, investment, or business venture, this detailed snapshot offers a clear picture of the area’s demographics and housing landscape. Located in a vibrant part of Maryland, ZIP 20815 encompasses communities like Chevy Chase and parts of Bethesda, known for their affluence and proximity to Washington, D.C. Using the latest 2023 data, we’ll break down population stats, household income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in this high-value area.

Population & Households

ZIP 20815 is home to a population of 31,269 residents, making it a moderately sized community with a strong residential presence. These individuals are distributed across 13,207 households, reflecting a mix of family units, singles, and retirees. With 14,192 total housing units in the area, there’s a slight surplus of properties compared to occupied households, which could indicate opportunities for buyers or investors looking for available homes. This balance suggests a stable community with room for growth or turnover, appealing to those seeking a settled yet dynamic place to live or invest.

Income & Housing Costs

One of the standout features of ZIP 20815 is its exceptional economic profile. The median household income stands at an impressive $198,243, positioning this area among the wealthiest in the region. This high earning power correlates with elevated housing costs, as the median house value reaches $1,230,700. For renters, the median monthly rent is $2,408, reflecting a premium rental market. These figures highlight ZIP 20815 as a high-end market, ideal for those with substantial budgets or investors targeting luxury properties. The combination of high incomes and property values also suggests a community with strong purchasing power, which could benefit local businesses catering to upscale clientele.

Race & Ethnicity

The demographic makeup of ZIP 20815 offers a glimpse into its cultural diversity. The population is predominantly White at 73.09%, with smaller but significant shares of other groups: Black residents make up 6.79%, Asian residents account for 9.42%, and Hispanic or Latino individuals represent 5.96%. This composition points to a primarily White community with notable diversity, particularly among Asian residents. For businesses and investors, this mix can inform marketing strategies or community engagement efforts, while homebuyers may appreciate the blend of cultural influences in shaping local amenities and social dynamics.

Key Facts

• Total population: 31,269 residents, offering a sizable community for engagement or investment.
• Total households: 13,207, indicating a strong base of family and individual units.
• Total housing units: 14,192, with a small surplus suggesting potential availability.
• Median household income: $198,243, reflecting significant economic strength.
• Median house value: $1,230,700, positioning this as a luxury real estate market.
• Median rent: $2,408 per month, aligning with high-end rental demand.
• Racial composition: 73.09% White, 6.79% Black, 9.42% Asian, 5.96% Hispanic, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 20815 represents a premium market where high property values and rents reflect the area’s desirability and proximity to economic hubs like Washington, D.C. Expect to invest significantly, but you’ll gain access to a wealthy, stable community with strong appreciation potential. Real estate investors and agents should note the slight surplus of housing units (14,192 vs. 13,207 households), which could signal opportunities for flips or rentals, especially in the luxury segment with median values over $1.2 million. Small-business owners can leverage the high median income of $198,243 to target affluent customers with premium products or services—think boutique retail, fine dining, or specialized professional services. Analysts will find the demographic diversity and economic data useful for market studies or forecasting trends in high-income suburban areas. Across all groups, the data underscores ZIP 20815 as a place of opportunity for those who can navigate its high entry costs.

Run This Study Yourself

Want to dive deeper into ZIP 20815 or explore another area’s demographics and housing stats? Follow these simple steps to get tailored insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
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• Customize your research to focus on specific metrics like population, income, or housing costs for your unique needs.