ZIP 21061 - 860Z200US21061 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 21061 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in Anne Arundel County, Maryland, this area offers a blend of suburban appeal and economic diversity. With a population of over 56,000 and a median household income of $86,081, ZIP 21061 presents a stable and growing community. This article breaks down the latest 2023 data to provide actionable insights for homebuyers, real estate investors, small-business owners, and analysts.

Population & Households

ZIP 21061 is home to 56,453 residents, making it a sizable community with a strong residential base. These individuals are distributed across 22,181 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 23,196, indicating a slight surplus of available homes compared to occupied households. This could suggest opportunities for buyers or investors looking to enter the market, as well as potential for rental demand in the area.

Income & Housing Costs

The median household income in ZIP 21061 is $86,081, positioning this area as a relatively affluent community with solid earning potential. For homebuyers, this income level suggests a market where residents can afford quality housing, while businesses may find a customer base with disposable income. Housing costs align with this economic profile: the median house value is $326,000, reflecting a competitive yet accessible real estate market. For renters, the median monthly rent is $1,661, which indicates a strong rental market that could appeal to investors seeking steady returns.

Race & Ethnicity

ZIP 21061 boasts a diverse population, which adds cultural richness and broad appeal for businesses and residents alike. The racial composition includes 50.02% White, 26.13% Black, 4.35% Asian, and 11.25% Hispanic residents. This diversity can be a significant draw for small-business owners looking to cater to varied customer preferences or for families seeking an inclusive community. It also signals a dynamic local economy that benefits from a wide range of perspectives and needs.

Key Facts

• Total population: 56,453 residents, offering a robust community for engagement.
• Total households: 22,181, indicating a strong residential foundation.
• Total housing units: 23,196, with potential availability for new occupants or investors.
• Median household income: $86,081, reflecting economic stability.
• Median house value: $326,000, competitive for the region.
• Median rent: $1,661 per month, suggesting a viable rental market.
• Diverse demographics: 50.02% White, 26.13% Black, 4.35% Asian, 11.25% Hispanic.

What This Means for You

For homebuyers, ZIP 21061 offers a promising mix of affordability and value with a median home price of $326,000 and a stable community of over 56,000 residents. The slight surplus of housing units (23,196 total) compared to households (22,181) may provide negotiating leverage or more options to choose from. The median income of $86,081 also suggests neighbors with financial stability, which can contribute to a secure investment in property value over time.

For investors and real estate agents, the rental market in ZIP 21061 is worth noting, with a median rent of $1,661 indicating strong demand. The diversity of the population and the availability of housing units could mean opportunities for both short-term rentals and long-term property appreciation. This area’s economic indicators point to a balanced market with room for growth.

For small-business owners, the diverse demographic makeup and solid median income create a fertile ground for customer engagement. Whether you’re opening a retail store, restaurant, or service-based business, the cultural variety and spending power in ZIP 21061 can support a wide range of business models. The population size also ensures a sizable local market to tap into.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 21061? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs as a buyer, investor, or business owner.
• Use the insights to make informed decisions, whether you’re scouting a new home, planning an investment, or launching a business in a specific area.