ZIP 20879 - 860Z200US20879 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 20879, 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 homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes this ZIP code unique and how it can align with your goals.

Population & Households

ZIP 20879 is home to a vibrant community of 26,120 residents. This population is spread across 8,850 households, indicating a mix of family sizes and living arrangements. The total number of housing units stands at 9,008, suggesting a small vacancy rate and a relatively tight housing market. For those looking to settle or invest here, this points to a stable, populated area with consistent demand for housing.

Income & Housing Costs

The median household income in ZIP 20879 is $105,109, reflecting a strong economic base compared to national averages. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $433,500, positioning this area as a mid-to-high range market in terms of affordability. For renters, the median rent is $1,895 per month, which aligns with the area’s income levels but may require careful budgeting for some households. These figures suggest that while homeownership is attainable for many, the market also caters to a significant rental population.

Race & Ethnicity

ZIP 20879 stands out for its diverse community, which can enrich the cultural fabric and appeal to a wide range of residents and businesses. The racial and ethnic composition is as follows: 25.53% White, 20.58% Black, 13.56% Asian, and 32.34% Hispanic. This diversity indicates a multicultural environment, which could be a significant factor for those seeking an inclusive community or a customer base that reflects varied backgrounds. For businesses, this mix offers opportunities to cater to diverse needs and preferences.

Key Facts

• Total population: 26,120 residents, indicating a sizable community.
• Total households: 8,850, showing a strong residential base.
• Median household income: $105,109, suggesting economic stability.
• Median home value: $433,500, reflecting a competitive housing market.
• Median rent: $1,895, relevant for renters and rental property investors.
• Diverse demographics: 32.34% Hispanic, 25.53% White, 20.58% Black, 13.56% Asian.
• Total housing units: 9,008, with a small gap between units and households.

What This Means for You

For homebuyers, ZIP 20879 offers a diverse and economically stable community with a median home value of $433,500. This price point may appeal to mid-range buyers, though the tight housing market (with only 9,008 units for 8,850 households) suggests acting quickly on opportunities. The high median income also indicates neighbors with solid financial footing, often a marker of a desirable area.

For real estate investors and agents, the data highlights potential in both buying and renting markets. With a median rent of $1,895, rental properties could yield steady returns, especially given the area’s population density and diversity. The limited vacancy in housing units also points to consistent demand, reducing the risk of prolonged vacancies.

For small-business owners, the diverse demographic makeup and strong median income of $105,109 signal a customer base with varied needs and disposable income. Whether you’re opening a retail store, restaurant, or service-based business, tailoring offerings to a multicultural audience could drive success in ZIP 20879.

For analysts, these metrics provide a foundation for deeper research into local trends, economic health, and housing dynamics. The balance of income, housing costs, and diversity offers a compelling case study for urban-suburban markets.

Run This Study Yourself

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