ZIP 20886 - 860Z200US20886 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 20886, 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. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 20886’s profile is the first step to success.

Population & Households

ZIP 20886 is home to a sizable population of 34,419 residents, making it a vibrant and active community. These individuals are distributed across 12,314 households, reflecting a mix of family sizes and living arrangements. With 13,024 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for opportunities. This balance suggests a stable residential base, ideal for those seeking a community with both density and room to grow.

Income & Housing Costs

The financial landscape of ZIP 20886 is promising, with a median household income of $98,767. This figure points to a relatively affluent area, where residents have solid purchasing power—good news for small businesses targeting local consumers. On the housing front, the median home value stands at $366,400, positioning this ZIP code as a competitive yet accessible market for homebuyers in the Maryland region. For renters, the median monthly rent is $1,863, reflecting a premium for living in this desirable area. These numbers highlight both opportunity and cost considerations for anyone planning to settle or invest here.

Race & Ethnicity

One of the standout features of ZIP 20886 is its diverse population, which adds cultural richness to the community. The racial and ethnic composition breaks down as follows: 34.66% Hispanic, 23.24% Black, 23.01% White, and 13.58% Asian, with the remaining percentage comprising other or mixed-race groups. This diversity creates a dynamic environment, appealing to families, businesses, and investors who value inclusivity and a broad customer or neighbor base. It also suggests a market where multicultural products, services, and community initiatives could thrive.

Key Facts

• Total population: 34,419 residents, offering a robust community presence.
• Total households: 12,314, indicating a strong residential foundation.
• Total housing units: 13,024, with some potential vacancy for new occupants or investors.
• Median household income: $98,767, reflecting solid economic stability.
• Median home value: $366,400, a competitive price point for the region.
• Median rent: $1,863 per month, signaling a premium rental market.
• Diverse demographics: 34.66% Hispanic, 23.24% Black, 23.01% White, 13.58% Asian.

What This Means for You

For homebuyers, ZIP 20886 offers a balanced market with a median home value of $366,400, which is reasonable for Montgomery County, paired with a diverse and welcoming community of over 34,000 people. The slight surplus of housing units (13,024 total) compared to households (12,314) might mean less competition for available properties. Investors and real estate agents will find potential in both the purchase and rental markets, as the $1,863 median rent suggests strong demand for leased properties, while the income level of $98,767 supports tenant reliability. Small-business owners can tap into a culturally varied customer base and benefit from the area’s economic strength, ideal for niche markets or services catering to diverse needs. Analysts can use this data as a benchmark to track trends in housing availability, income growth, or demographic shifts in similar ZIP codes.

Run This Study Yourself

Want to dive deeper into ZIP 20886 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.
• Enter any ZIP code to uncover detailed population, income, and housing data.
• Use the insights to guide your homebuying, investing, or business planning decisions.