ZIP Code 20832 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 20832, located in the heart of Montgomery County, Maryland, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 20832’s profile is the first step to success.

Population & Households

ZIP 20832 is home to a vibrant community of 25,766 residents. This population is distributed across 8,424 households, reflecting a mix of family units, singles, and shared living arrangements. The area also has 8,581 total housing units, indicating a slight surplus of available homes compared to occupied households. This balance suggests a stable housing market with potential opportunities for buyers or renters looking to settle in a well-established neighborhood.

Income & Housing Costs

One of the standout features of ZIP 20832 is its strong economic profile. The median household income stands at an impressive $166,892, pointing to a community with significant purchasing power and financial stability. This high income level supports a robust housing market, where the median house value is $601,300. For renters, the median monthly rent is $2,429, reflecting the premium cost of living in this desirable area. These figures highlight ZIP 20832 as a location where quality housing comes at a higher price point, but with the potential for strong returns on investment.

Race & Ethnicity

ZIP 20832 boasts a diverse population, which adds to its cultural richness and appeal. The racial composition breaks down as follows: 55.95% White, 13.54% Black, 11.86% Asian, and 12.12% Hispanic. This diversity creates a dynamic community environment, offering a blend of perspectives and experiences. For businesses, this mix can translate into a broad customer base, while families may appreciate the inclusive atmosphere and varied cultural offerings.

Key Facts

• Total population in ZIP 20832: 25,766 residents.
• Total households: 8,424, indicating a strong residential base.
• Total housing units: 8,581, with a small surplus over occupied homes.
• Median household income: $166,892, reflecting high earning potential.
• Median house value: $601,300, signaling a premium real estate market.
• Median rent: $2,429 per month, aligning with the area’s upscale profile.
• Diverse demographics: 55.95% White, 13.54% Black, 11.86% Asian, 12.12% Hispanic.

What This Means for You

For homebuyers, ZIP 20832 offers a stable, affluent community with high-quality housing, though the median home value of $601,300 means you’ll need to budget for a significant investment. The area’s high median income suggests neighbors with financial security, often correlating with well-maintained properties and strong school districts. For investors and real estate agents, the slight surplus of housing units (8,581 vs. 8,424 households) hints at opportunities for rentals or flips, especially given the high median rent of $2,429, which could yield solid returns. Small-business owners will find a diverse, high-income customer base of 25,766 residents, ideal for targeting premium products or services. Finally, analysts can use this data to benchmark ZIP 20832 against nearby areas, noting its economic strength and cultural diversity as key drivers of market trends.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 20832? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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