ZIP 21114 - 860Z200US21114 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 21114, located in the Crofton area of Maryland, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 25,000 and a strong economic profile, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 21114 stand out.

Population & Households

ZIP 21114 is home to 25,724 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 9,489 households, reflecting a mix of family and individual living arrangements. With 9,675 total housing units, the area shows a tight balance between available homes and occupied residences, suggesting a stable housing market with limited vacancy. This balance is something to note if you’re looking to buy or invest, as competition for properties may be steady.

Income & Housing Costs

The economic strength of ZIP 21114 is evident in its median household income of $136,250, which points to a relatively affluent community. This income level supports a robust housing market, with a median home value of $479,700. For renters, the median monthly rent stands at $2,128, indicating a premium rental market that aligns with the area’s higher income bracket. These figures suggest that both owning and renting in this ZIP code require a significant financial commitment, but they also reflect the potential for strong property value appreciation and rental income for investors.

Race & Ethnicity

ZIP 21114 boasts a diverse population, which adds to its cultural richness and appeal for businesses and residents alike. The racial and ethnic composition breaks down as follows: 61.08% White, 17.03% Black, 6.94% Asian, and 9.41% Hispanic. This diversity can be a draw for small-business owners looking to cater to a varied customer base or for families seeking an inclusive community. It also signals a dynamic social environment that could influence local market trends and consumer preferences.

Key Facts

• Total population: 25,724 residents, offering a sizable community for engagement or business outreach.
• Total households: 9,489, indicating a strong base of potential customers or neighbors.
• Total housing units: 9,675, with a near-full occupancy suggesting a competitive housing market.
• Median household income: $136,250, reflecting economic stability and purchasing power.
• Median home value: $479,700, a significant investment with potential for growth.
• Median rent: $2,128 per month, appealing for investors seeking high rental yields.
• Diverse demographics: 61.08% White, 17.03% Black, 6.94% Asian, 9.41% Hispanic, fostering a vibrant community.

What This Means for You

For homebuyers, ZIP 21114 offers a prosperous and diverse community, but be prepared for higher entry costs with median home values nearing $480,000. The strong median income suggests neighbors with financial stability, which can contribute to a secure and well-maintained area. If you’re an investor or real estate agent, the tight housing market and high rental rates point to opportunities for solid returns, though you’ll need to act quickly in a competitive environment. Small-business owners can benefit from the area’s diversity and affluence—consider tailoring products or services to a multicultural audience with disposable income. For analysts, these metrics highlight ZIP 21114 as a stable, growing market worth monitoring for trends in housing demand and economic shifts.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 21114? Use ZipcodeGPT to access detailed demographic and housing data tailored to your needs.
• Simply enter any ZIP code to uncover population stats, income levels, housing costs, and more in seconds.
• Make informed decisions for your next home, investment, or business venture with reliable, up-to-date insights at your fingertips.