ZIP 20876 - 860Z200US20876 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 20876, 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, small-business owner, or analyst, these insights into ZIP 20876 will guide your next steps.

Population & Households

ZIP 20876 is home to a vibrant community of 26,511 residents. This population is distributed across 8,935 households, reflecting a mix of family sizes and living arrangements. The total number of housing units in the area stands at 9,079, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters looking to settle in this area, as well as potential for investors eyeing vacant properties.

Income & Housing Costs

Financially, ZIP 20876 stands out with a median household income of $113,329, which is notably higher than many national averages. This suggests a relatively affluent community with strong purchasing power, an important factor for businesses targeting local consumers. On the housing front, the median home value is $456,500, reflecting a robust real estate market. For renters, the median monthly rent is $2,081, which aligns with the area’s higher income levels but may pose challenges for those on tighter budgets. These figures highlight both the opportunities and considerations for anyone entering this market.

Race & Ethnicity

One of the defining characteristics of ZIP 20876 is its diversity. The racial and ethnic composition is well-balanced, with Black residents making up 28.2% of the population, followed by White residents at 23.16%, Hispanic or Latino residents at 22.42%, and Asian residents at 21.08%. This multicultural environment creates a rich community fabric, offering unique cultural experiences and business opportunities catering to varied demographics. For investors and business owners, this diversity can be a key driver for tailored services or products.

Key Facts

• Total population in ZIP 20876: 26,511 residents.
• Total households: 8,935, with 9,079 total housing units available.
• Median household income: $113,329, indicating strong local earning potential.
• Median home value: $456,500, reflecting a competitive housing market.
• Median monthly rent: $2,081, a significant cost for renters.
• Diverse community: Black (28.2%), White (23.16%), Hispanic (22.42%), Asian (21.08%).

What This Means for You

For homebuyers, ZIP 20876 offers a dynamic, diverse community with a strong economic base, as evidenced by the high median household income of $113,329. However, with median home values at $456,500 and rents at $2,081, affordability may be a concern unless your budget aligns with these figures. Investors and real estate agents will find potential in the slight gap between housing units and households, which could indicate available properties for purchase or rental income. The area’s diversity also suggests demand for niche housing needs or culturally specific amenities.

Small-business owners can leverage the area’s affluent and varied population to target a wide range of customers. With a median income well above average, residents likely have disposable income for goods and services, while the cultural mix offers opportunities for specialized offerings. Analysts studying ZIP 20876 will appreciate the balanced demographic spread and economic stability as indicators of a resilient local market, ideal for long-term planning or investment strategies.

Run This Study Yourself

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