ZIP 20877 - 860Z200US20877 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 20877, located in Montgomery County, Maryland, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, robust household income, and a competitive housing market, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the latest data to help you make informed decisions about living, investing, or operating in 20877.

Population & Households

ZIP 20877 is home to a sizable population of 39,068 residents as of 2023. This community supports 12,880 households, reflecting a vibrant and active area with a mix of family and individual living arrangements. The total number of housing units stands at 13,599, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or renters, though demand and pricing remain key factors to consider.

Income & Housing Costs

The median household income in ZIP 20877 is $86,103, a figure that positions the area as a relatively affluent community within reach of many professionals and families. Housing costs align with this income level, with a median house value of $462,500. This price point reflects a competitive real estate market, likely driven by proximity to urban centers like Washington, D.C., and local amenities in Montgomery County. For renters, the median rent is $1,862 per month, which may be a significant consideration for those weighing the cost of renting versus buying in this area.

Race & Ethnicity

ZIP 20877 stands out for its rich cultural diversity, a factor that shapes the community’s character and appeal. The population breakdown by race and ethnicity shows Hispanic residents as the largest group at 47.37%, followed by White residents at 19.42%, Black residents at 15.46%, and Asian residents at 14.18%. This multicultural environment offers a unique blend of perspectives, traditions, and opportunities, making it an attractive location for businesses catering to diverse customer bases or families seeking an inclusive community.

Key Facts

• Total population: 39,068 residents in 2023, indicating a substantial community size.
• Total households: 12,880, supporting a mix of family and individual living.
• Total housing units: 13,599, suggesting some availability for new residents or investors.
• Median household income: $86,103, reflecting a strong economic base.
• Median house value: $462,500, indicative of a competitive housing market.
• Median rent: $1,862 per month, a key factor for renters evaluating affordability.
• Diverse demographics: Hispanic (47.37%), White (19.42%), Black (15.46%), and Asian (14.18%) populations.

What This Means for You

For homebuyers, ZIP 20877 offers a diverse and dynamic community with a median home value of $462,500. While this price reflects a competitive market, the area’s median income of $86,103 suggests that many households can sustain homeownership here. Be prepared for a fast-paced market and consider working with a local agent to identify opportunities among the 13,599 housing units.

For investors and real estate agents, the slight gap between total housing units and occupied households (13,599 vs. 12,880) could signal potential for rental properties or flips, especially given the high median rent of $1,862. The area’s diversity and income levels also point to sustained demand for housing, making 20877 a market worth monitoring.

For small-business owners, the multicultural population of 39,068 and significant Hispanic representation (47.37%) present opportunities to tailor products or services to a varied customer base. The solid median income further supports consumer spending power, ideal for retail, dining, or service-based ventures.

For analysts, the data underscores a balanced community with strong economic indicators and diversity. Use these metrics as a baseline for deeper studies into housing trends, income distribution, or cultural impacts in 20877.

Run This Study Yourself

• Curious about other ZIP codes or want updated data for 20877? Dive into your own analysis with ease.
• Visit ZipcodeGPT to access powerful tools for demographic and housing insights tailored to your needs.
• Enter any ZIP code to uncover population stats, income levels, and housing costs in just a few clicks.