US > Maryland > Prince Georges County > Laurel, MD 20707

20707 ZIP Code Profile, Map, Data & Demographics

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Laurel, MD
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ZIP Code 20707: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Laurel, MD 20707

  • ZIP Code Type: STANDARD
  • County: Prince Georges County
  • Centroid: Latitude 39.102, Longitude -76.885
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes

ZIP Code 20707 has segments in 2 Counties / Independent Cities (Montgomery, Prince Georges).

  • Businesses Addresses: 1,308
  • PO Box Addresses: 0
  • Residential Addresses: 15,621
    • Multi-Family Addresses: 6,076
    • Single Family Addresses: 9,545

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2023, Maps updated: May 3, 2023.

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Laurel, MD 20707 Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 38,311 (100%)
Population in Households 38,068 (99.4%)
Population in Families 28,903 (75.4%)
Population in Group Quarters1 243 ( 0.6%)
Population Density 3,205
Diversity Index2 80
 
 

INCOME

Median Household Income $91,675
Average Household Income $124,571
% of Income for Mortgage4 30%
Per Capita Income $49,783
Wealth Index5 117
Socioeconomic Status Index6 Moderate (50.5)
 

HOUSING

Total HU (Housing Units) 15,928 (100%)
Owner Occupied HU 9,063 (56.9%)
Renter Occupied HU 6,244 (39.2%)
Vacant Housing Units 621 ( 3.9%)
Median Home Value $452,223
Average Home Value $511,737
Housing Affordability Index3 76
 

HOUSEHOLDS

Total Households 15,307
Average Household Size 2.49
Family Households 8,723
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2023 2023-2028
Population 0.58% -0.03%
Households 0.52% 0.11%
Families   0.07%
Median Household Income   2.15%
Per Capita Income   2.61%
Owner Occupied HU   0.64%

Laurel, MD 20707 - Peer Comparisons by Rank and Percentile

The table below compares 20707 to the other 458 ZIP Codes in Maryland by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 55 88th
Population Density # 79 83rd
Median Household Income # 249 46th
Housing Affordability Index # 89 19th
Per Capita Income # 228 50th
Diversity Index # 31 93rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Maryland Census Data Comparison Tool.


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