ZIP Code 20176 — Demographics & Housing Data 2023

Overview

If you're considering a move, investment, or business opportunity in ZIP 20176, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of suburban appeal and economic strength. With a population of over 50,000 and a median household income exceeding $166,000, ZIP 20176 stands out as a prosperous and diverse community. This article breaks down the latest 2023 data to provide actionable insights for homebuyers, real estate investors, small-business owners, and analysts seeking a clear picture of this area.

Population & Households

ZIP 20176 is home to a substantial population of 50,002 residents, making it a vibrant and active community. These individuals are distributed across 16,347 households, reflecting a strong residential base. The total number of housing units in the area is 17,044, indicating a slight surplus of available homes relative to current household numbers. This balance suggests potential opportunities for growth or investment, as well as a stable environment for families and businesses looking to establish roots in the area.

Income & Housing Costs

One of the standout features of ZIP 20176 is its economic strength, with a median household income of $166,870. This figure points to a high-earning community, likely attracting professionals and families with significant purchasing power. On the housing front, the median home value is $702,400, reflecting a premium real estate market that aligns with the area’s affluent demographic. For renters, the median monthly rent is $2,089, which is considerable but consistent with the overall cost of living and housing quality in this ZIP code. These metrics highlight ZIP 20176 as a location where financial stability and property value go hand in hand.

Race & Ethnicity

The cultural fabric of ZIP 20176 is notably diverse, offering a rich community dynamic for residents and businesses alike. The racial and ethnic composition includes 59.22% White, 8.21% Black, 13.73% Asian, and 14.16% Hispanic residents. This mix fosters a multicultural environment that can appeal to a wide range of individuals and families seeking an inclusive place to live or work. For businesses, this diversity translates into a varied customer base and opportunities to cater to different cultural preferences and needs.

Key Facts

• Total population: 50,002 residents, indicating a sizable and active community.
• Total households: 16,347, supporting a strong residential foundation.
• Total housing units: 17,044, suggesting availability for future growth or occupancy.
• Median household income: $166,870, reflecting significant economic strength.
• Median home value: $702,400, positioning ZIP 20176 as a high-value real estate market.
• Median rent: $2,089 per month, consistent with the area’s upscale housing profile.
• Diverse population: 59.22% White, 8.21% Black, 13.73% Asian, and 14.16% Hispanic.

What This Means for You

For homebuyers, ZIP 20176 offers a premium market with median home values at $702,400, ideal for those seeking long-term value in a prosperous area. The high median income of $166,870 suggests neighbors with financial stability, often correlating with well-maintained communities and quality schools. However, be prepared for a competitive market given the price point and limited surplus of housing units.

For real estate investors and agents, the slight gap between total housing units (17,044) and households (16,347) hints at potential for rental or resale opportunities. The high median rent of $2,089 also indicates strong demand for rental properties, particularly for high-earning tenants who may prefer flexibility over ownership.

For small-business owners, the diverse population and high income levels create a promising customer base with disposable income. Whether you’re opening a retail store, restaurant, or service-based business, the multicultural makeup of ZIP 20176 allows for tailored offerings that resonate with varied demographics.

For analysts, these metrics provide a snapshot of a thriving, affluent, and diverse area, useful for market studies, trend analysis, or strategic planning. The data underscores ZIP 20176 as a location with both stability and growth potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 20176? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access detailed insights like population, income, and housing metrics tailored to your needs.
• Use the results to inform your decisions, whether you’re buying a home, investing, or planning a business venture.