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: 1,291
PO Box Addresses: 0
Residential Addresses: 15,421

Multi-Family Addresses: 6,063
Single Family Addresses: 9,358

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: November 4, 2020.

Laurel, MD 20707 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	35,961 (100%)
Population in Households	35,748 (99.4%)
Population in Families	27,041 (75.2%)
Population in Group Quarters¹	213 ( 0.6%)
Population Density	2,985
Diversity Index²	81


INCOME
Median Household Income	$83,720
Average Household Income	$108,871
% of Income for Mortgage⁴	16%
Per Capita Income	$43,345
Wealth Index⁵	116

HOUSING
Total HU (Housing Units)	15,031 (100%)
Owner Occupied HU	8,021 (53.4%)
Renter Occupied HU	6,293 (41.9%)
Vacant Housing Units	717 ( 4.8%)
Median Home Value	$324,843
Average Home Value	$350,171
Housing Affordability Index³	134

HOUSEHOLDS
Total Households	14,314
Average Household Size	2.5
Family Households	8,319
Average Family Size	3

NOTES

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.
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.
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 % 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).
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 457 ZIP Codes in Maryland by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	1.15%	0.67%
Households	1.06%	0.62%
Families	0.9%	0.56%
Median Household Income		0.94%
Per Capita Income		1.49%
Owner Occupied HU		0.86%

Variable Description	Rank	Percentile
Total Population	# 58	88th
Population Density	# 76	84th
Median Household Income	# 229	50th
Housing Affordability Index	# 107	23rd
Per Capita Income	# 208	55th
Diversity Index	# 25	95th

Laurel, MD 20707 ZIP Code Profile

ZIP Code 20707: Basic Data & USPS Preferred City Name

Laurel, MD 20707 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Laurel, MD 20707 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 20707

Use HTL Address Research for a Maryland Address and get...

Quick & Easy Ways to...

Maryland Census Data Comparison Tool

More Tools and Resources:

COVID-19 Statistics and Data

Prince Georges County

Laurel Jobs