ZIP 20904 - 860Z200US20904 — Demographic Snapshot (2023)

Overview

If you're considering ZIP code 20904 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in Maryland, this area offers a diverse community and a robust housing market. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, 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 will guide your next steps in ZIP 20904.

Population & Households

ZIP 20904 is home to a substantial population of 57,244 residents as of 2023. This sizable community is distributed across 21,245 households, reflecting a vibrant and active area. With 22,366 total housing units, the region shows a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or investors looking for available properties. The average household size can be inferred as roughly 2.7 people, suggesting a mix of families and smaller households in this area.

Income & Housing Costs

Financially, ZIP 20904 stands out with a median household income of $93,322, indicating a relatively strong economic base for residents. This income level supports a housing market where the median house value is $533,500, reflecting a significant investment for potential homebuyers. For renters, the median rent is $1,893 per month, which aligns with the area’s higher cost of living but also suggests a demand for rental properties. These figures highlight ZIP 20904 as a market with both affordability challenges and opportunities for those with the means to invest.

Race & Ethnicity

The demographic makeup of ZIP 20904 is notably diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The largest racial group is Black or African American at 48.49% of the population, followed by White residents at 20.04%. Hispanic or Latino individuals make up 16.26%, while Asian residents account for 10.63%. This diversity can be a significant draw for those seeking an inclusive community or a customer base that reflects varied cultural backgrounds.

Key Facts

• Total population in ZIP 20904: 57,244 residents as of 2023.
• Total households: 21,245, with an average size of approximately 2.7 people.
• Total housing units: 22,366, indicating potential availability for new occupants.
• Median household income: $93,322, suggesting a solid economic foundation.
• Median house value: $533,500, reflecting a high-value real estate market.
• Median rent: $1,893 per month, indicative of strong rental demand.
• Racial composition: 48.49% Black, 20.04% White, 16.26% Hispanic, 10.63% Asian.

What This Means for You

For homebuyers, ZIP 20904 offers a diverse community with a median home value of $533,500, which may require careful financial planning but promises a stable investment in a growing area. The slight surplus of housing units could mean less competition for available properties if you act quickly. Real estate investors and agents will find opportunities in both the purchase and rental markets, as the median rent of $1,893 suggests steady demand from tenants who may not yet be ready to buy. The area’s strong median income of $93,322 also supports the potential for long-term property value growth.

For small-business owners, the diverse population of 57,244 and the multicultural demographic breakdown provide a broad customer base to target. Whether you’re opening a retail store, restaurant, or service-based business, the economic stability reflected in the median income offers confidence that residents have disposable income to spend. Analysts can use these metrics to benchmark ZIP 20904 against neighboring areas, identifying trends in housing availability, income disparity, or demographic shifts that could influence future market conditions.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 20904? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date insights on population, income, housing costs, and more, tailored to your needs.
• Use the detailed reports to inform your homebuying, investment, or business decisions with confidence.