ZIP 21403 - 860Z200US21403 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 21403, located in the Annapolis area of Maryland, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 32,000 and a robust median household income, this ZIP code presents a blend of residential stability and economic opportunity. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, these insights will help you make informed decisions about living or working in 21403.

Population & Households

ZIP 21403 is home to 32,757 residents, making it a moderately sized community with a strong residential base. The area supports 14,408 households, reflecting a mix of family and individual living arrangements. With 15,479 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in this area. This balance suggests a stable housing market with room for growth or investment.

Income & Housing Costs

The median household income in ZIP 21403 stands at $115,068, pointing to a relatively affluent community with strong purchasing power. This income level supports a higher quality of life and can attract businesses catering to mid-to-high-income consumers. On the housing front, the median home value is $566,900, reflecting a premium market that may appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,872 per month, indicating a competitive rental market that aligns with the area’s income demographics. These figures suggest that 21403 is a desirable location for those who can afford its housing costs.

Race & Ethnicity

The demographic makeup of ZIP 21403 is diverse, offering a multicultural environment that can enrich community life and business opportunities. The racial composition includes 64.64% White, 11.38% Black, 0.42% Asian, and 19.37% Hispanic residents. This diversity can be a draw for families and businesses looking to engage with a varied customer or resident base. It also highlights the potential for cultural events, diverse dining options, and inclusive community initiatives in the area.

Key Facts

• Total population: 32,757 residents in 2023.
• Total households: 14,408, supporting a mix of family and solo living.
• Total housing units: 15,479, with a small surplus of available homes.
• Median household income: $115,068, indicating strong economic stability.
• Median home value: $566,900, reflecting a premium housing market.
• Median rent: $1,872 per month, competitive for the income level.
• Racial diversity: 64.64% White, 19.37% Hispanic, 11.38% Black, 0.42% Asian.

What This Means for You

For homebuyers, ZIP 21403 offers a stable, affluent community with high home values that suggest strong long-term investment potential. The slight surplus of housing units could mean less competition for available properties, but the median price of $566,900 requires financial readiness. Real estate investors and agents will find a market with solid income demographics and rental rates around $1,872, ideal for targeting mid-to-high-end tenants or buyers. The diversity and population size also support potential for property appreciation. Small-business owners can leverage the area’s $115,068 median income and diverse resident base to offer products or services tailored to a wealthier, multicultural audience—think specialty retail, dining, or professional services. Lastly, analysts can use these metrics to benchmark 21403 against nearby ZIP codes for deeper market or demographic studies. This area’s economic and cultural profile makes it a compelling choice across multiple interests.

Run This Study Yourself

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