20707 ZIP Code Demographics & Rankings

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: 1,290
PO Box Addresses: 0
Residential Addresses: 15,341

Multi-Family Addresses: 6,047
Single Family Addresses: 9,294

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2020, Maps updated: May 1, 2020.

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Laurel, MD 20707 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
Laurel, MD 20707 Housing Affordability Index is 124 State of Maryland Housing Affordability Index is 118
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.

WEALTH INDEX
Laurel, MD 20707 Wealth Index is 117 State of Maryland Wealth Index is 141
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties / Independent Cities, and ZIP Codes.

POPULATION
Total Population	35,972
Population in Households	35,759
Population in Families	27,107
Population in Group Qrtrs	213
Population Density	3,015
Diversity Index¹	80

INCOME
Median Household Income	$82,619
Average Household Income	$106,595
Per Capita Income	$42,124
Wealth Index³	117

HOUSING
Total Housing Units	14,893 (100%)
Owner Occupied HU	7,912 (53.1%)
Renter Occupied HU	6,300 (42.3%)
Vacant Housing Units	681 ( 4.6%)
Median Home Value	$301,749
Housing Affordability Index²	124

HOUSEHOLDS
Total Households	14,212
Average Household Size	2.52
Family Households	8,280
Average Family Size	3

NOTES

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 race 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.
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.
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.

Laurel, MD 20707 - Peer Comparisons by Rank and Percentile

The table below compares 20707 to the other 461 ZIP Codes in Maryland by rank and percentile using July 1, 2019 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.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	1.3%	0.85%
Households	1.12%	0.74%
Families	0.99%	0.65%
Median Household Income		1.6%
Per Capita Income		1.87%

Variable Description	Rank	Percentile
Total Population	# 56	88th
Population Density	# 78	83rd
Diversity Index	# 25	95th
Median Household Income	# 214	54th
Per Capita Income	# 199	57th

Laurel, MD 20707 ZIP Code Profile

ZIP Code 20707: Basic Data & USPS Preferred City Name

Popular Places Near ZIP Code 20707

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Laurel, MD 20707 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Laurel, MD 20707 - Peer Comparisons by Rank and Percentile

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