ZIP 20853 - 860Z200US20853 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 20853, located in Montgomery County, Maryland, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights will guide your next steps in this dynamic community.

Population & Households

ZIP 20853 is home to a population of 31,438 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 9,713 households, reflecting a strong residential base. The total number of housing units stands at 10,028, 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

One of the standout features of ZIP 20853 is its robust economic profile. The median household income is an impressive $157,168, positioning this area as a high-earning community. This figure signals strong purchasing power, which can be a draw for businesses targeting affluent customers or for homebuyers seeking a financially stable neighborhood.

On the housing front, the median home value is $605,800, reflecting a premium real estate market. For renters, the median rent is $1,944 per month, which aligns with the area’s higher cost of living. These numbers suggest that while entry into the housing market may require significant investment, the potential for long-term value appreciation could be substantial, especially for investors or buyers with the means to enter this price bracket.

Race & Ethnicity

ZIP 20853 boasts a diverse population, which adds to its cultural richness and appeal. The racial and ethnic composition breaks down as follows: 45.95% White, 9.4% Black, 11.3% Asian, and 28.89% Hispanic. This mix indicates a vibrant, multicultural environment that can attract a wide range of residents and businesses. For small-business owners, this diversity offers opportunities to cater to varied customer preferences, while homebuyers may appreciate the inclusive community atmosphere.

Key Facts

• Total population: 31,438 residents, offering a suburban community scale.
• Total households: 9,713, supporting a strong residential foundation.
• Median household income: $157,168, indicating significant economic strength.
• Median home value: $605,800, reflecting a high-end real estate market.
• Median rent: $1,944, consistent with the area’s elevated cost of living.
• Diverse demographics: nearly 29% Hispanic, with notable White, Asian, and Black populations.
• Total housing units: 10,028, suggesting some availability for new occupants or investors.

What This Means for You

For homebuyers, ZIP 20853 offers a stable, affluent community with a diverse cultural fabric, though the high median home value of $605,800 means you’ll need to budget accordingly. The slight surplus of housing units could provide some negotiation leverage if inventory remains available. Investors and real estate agents should note the potential for appreciation given the strong income levels and premium property values—properties here could be a solid long-term hold, especially with a median household income of $157,168 supporting market stability.

Small-business owners will find a promising customer base in this area, thanks to the high disposable income and diverse population of 31,438. Tailoring offerings to a multicultural audience could be a winning strategy, whether you’re opening a retail shop, restaurant, or service-based business. Analysts can use these metrics to benchmark ZIP 20853 against neighboring areas, focusing on income and housing trends to predict future growth or shifts in demand.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 20853? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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